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Cboe Approved to List New Companies in Australia, Challenging ASX Dominance
Cboe Approved to List New Companies in Australia, Challenging ASX Dominance
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BTCCSquare news:
ASIC has granted Cboe Australia regulatory approval to operate as a full-fledged listing venue, breaking the ASX's near-monopoly on domestic equity listings. The decision injects competition into Australia's capital markets, enabling dual-listings and expanding access to IPOs for local investors.
'This levels the playing field for companies seeking Australian exposure,' said ASIC Chair Joe Longo, framing the MOVE as necessary to keep pace with global market evolution. The ruling follows Cboe's 13-year history as a secondary trading platform, where it pioneered low-cost ETF access.
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