Nomura's Chi-X, which is preparing to launch a bourse in Australia later this year, will have its task cut out as ASX has improved its position in preparation for the end of its two-decade monopoly, a Citigroup official said. ASX cut fees four times over the past three to four years, launched a new trading platform that has cut latency, and delivered new trading functions addressing almost all the key concerns of key customers. "Some of the benefits provided by alternative venues that existed 3 or 4 years ago aren't as beneficial as they used to be," Ben Valentine, Director for Electronic Execution, Asia Pacific told Reuters on Wednesday.
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