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| Cboe Australia | |
|---|---|
| Name | Cboe Australia |
| Type | Subsidiary |
| Industry | Financial services |
| Founded | 2020 |
| Headquarters | Sydney, New South Wales |
| Area served | Australia |
| Parent | Cboe Global Markets |
Cboe Australia is an Australian securities exchange operator established as a subsidiary of Cboe Global Markets to offer trading venues and market infrastructure in Australia. It provides alternative trading facilities alongside the Australian Securities Exchange and interacts with participants such as ASX Limited members, brokers and fund managers operating in Sydney, Melbourne and other financial centres. The platform aims to enhance competition in Australian equity and derivative markets while linking with international pools in Chicago and London.
Cboe Australia launched in 2020 following the acquisition of assets from Chi-X Australia and reflects expansion strategies of Cboe Global Markets after operations in United States, United Kingdom, and Europe. Its establishment occurred amid regulatory changes influenced by stakeholders including the Australian Securities and Investments Commission and policy consultations involving the Treasury of Australia and industry bodies such as the Australian Financial Markets Association. Early milestones included approval processes comparable to listings on the Australian Securities Exchange and transaction models seen at BATS Global Markets and integration efforts consistent with cross-border consolidations like the London Stock Exchange Group acquisitions.
Cboe Australia operates multilateral trading facilities and provides services including order matching, market data distribution, and clearing connectivity with ASX Clear and central counterparties similar to LCH Limited. It services participants such as investment banks, proprietary trading firms, custodians and superannuation funds, offering market access via members who are also participants on venues like the Australian Securities Exchange and global markets such as NYSE and NASDAQ. Ancillary services include trade surveillance in coordination with entities like the Australian Transaction Reports and Analysis Centre and post-trade analytics akin to offerings from Refinitiv and S&P Global.
The exchange supports market segments for equities, ETFs, and listed derivatives with order types and execution mechanisms influenced by models from BATS Global Markets, Cboe Global Markets, and Deutsche Börse. Products include continuous trading, auctions, and distinct order books that interact with dark pool protocols similar to those operated by Optiver and Flow Traders. Cboe Australia's product set is comparable to competing venues including Chi-X Australia and complements primary listings on ASX Limited by offering alternative liquidity for securities issued by corporations such as BHP Group, Commonwealth Bank and Woolworths Group when their securities trade across multiple venues.
As a licensed market operator, Cboe Australia adheres to Australian legal frameworks overseen by Australian Securities and Investments Commission and market supervision aligned with rules from ASIC and obligations under the Corporations Act 2001. Compliance programs address market integrity, anti-money laundering measures coordinated with AUSTRAC, and regulatory reporting obligations similar to those required under regimes enforced by Financial Conduct Authority and European Securities and Markets Authority for cross‑jurisdictional activity. Participant conduct standards mirror rules applied by ASX Clear and best practices promulgated by the International Organization of Securities Commissions.
Cboe Australia deploys low-latency matching engines and connectivity services with co‑location options at data centres in Sydney to support high-frequency trading firms and institutional participants like Macquarie Group and Goldman Sachs. Its infrastructure leverages market data feeds and FIX protocol implementations similar to those used by Deutsche Börse and NYSE Arca, and integrates cybersecurity frameworks influenced by guidelines from Australian Cyber Security Centre and international standards such as ISO/IEC. The platform's technology roadmap aligns with practices at Cboe Global Markets affiliates in Chicago and London to enable cross-border product distribution and harmonised market data offerings.
While primary listing authority remains with ASX Limited for many large-cap issuers, Cboe Australia provides trading in securities of major Australian corporations and listed investment vehicles including firms like BHP Group, Rio Tinto, Commonwealth Bank, Westpac Banking Corporation, National Australia Bank, ANZ Banking Group, Woolworths Group, Wesfarmers and ETFs managed by organisations such as Vanguard and BlackRock. Its order books also see activity from smaller issuers and ETFs comparable to those listed on Chi-X Australia and international ADRs sometimes cross-listed involving markets like NASDAQ and NYSE.
Market activity on Cboe Australia is measured by liquidity metrics, share volume, and traded value relative to peers such as ASX Limited and Chi-X Australia, with periodic reports detailing market share in equities and ETFs. Trading statistics reflect participation by institutional investors, retail brokers, and automated market makers including firms like Optiver and Jane Street. Performance indicators also consider volatility benchmarks referenced to indices such as the S&P/ASX 200 and global comparisons to S&P 500 and FTSE 100 movements, while market data services aggregate metrics used by analytics providers like Bloomberg and Refinitiv.
Category:Stock exchanges in Australia