Our Origins: Chi-X Creates New Competition in APAC

Chi-X Asia Pacific was founded to bring more competition to the financial markets in the Asia Pacific region. With operations in Japan and Australia, the company quickly established a reputation as innovative market operators, bringing much needed solutions to the area. 

Importantly, Chi-X Japan was the only broker-neutral proprietary trading system in Japan. Chi-X Australia offered the exclusive trading of CXA quoted warrants and ETFs.  

When Cboe began considering an expansion into Asia Pacific, it was clear that bringing the Chi-X team into the Cboe network was the right move. Chi-X had built a market ecosystem in the region that was innovative, reliable and solutions-focused. Their commitment to delivering best execution and significant cost-savings for both retail and institutional investors through top-notch trading solutions and superior service aligned well with Cboe’s values and mission. 

Cboe completed its acquisition of Chi-X Asia Pacific in June 2021 and began integrating the team and the Chi-X platforms. The business was rebranded to Cboe Asia Pacific and in March 2023, Cboe completed the migration of Chi-X Australia to Cboe technology. Next, Cboe is expected to complete the migration of Chi-X Japan to Cboe technology in November 2023.