Singapore Exchange Ltd. (S68.SG) and Chi-X Global Inc. Thursday said they will close their dark pool joint venture, Chi-East, due to weak volumes, less than two-years after its launch.
The closure is the latest setback for the city-state bourse's efforts to boost trading volumes and its profile as a global listing platform and comes just more than a year since its A$8.2 billion attempt to buy ASX Ltd. (ASX.AU), the operator of the Australian stock exchange, was blocked by Australia's foreign investment regulator. Full story
