Singapore Exchange's ASX Takeover Bid Gets Chi-X Boost

Bloomberg, 3 Mar 2011Regulatory approval of Chi-X Global Inc. as a competitor to Australia’s main bourse operator may make it easier for Singapore Exchange Ltd. (SGX) to tackle political opposition to its bid for ASX Ltd. (ASX)Yesterday’s approval of Chi-X to become the first foreign- owned stock exchange operator in Australia’s 150-year trading history may ease lawmakers’ concerns about one