Marketech partners with stock exchange Chi-X Australia
Marketech Online Trading has further strengthened its investor-led, technology-first proposition, giving clients direct access to Australia’s alternate stock exchange, Chi-X Australia.
Marketech CEO Travis Clark said the partnership with Chi-X Australia further demonstrates the capability of Marketech to drive enhancements through technology and gives clients access to a range of new investment products.
“Our mission is to deliver a full-service non-conflicted platform that bridges the gap between platforms used by professional investors and those currently offered to most retail investors,” Clark said.
“As a technology company obsessed with making the best online trading platform for retail and wholesale investors, giving access to Chi-X Australia was a natural and seamless next step.”
Chi-X Australia is the country’s second largest stock exchange and competes across equities, indices and derivatives gaining over 20% market share, a daily record of $3.8 billion traded value in equity trading and up to 50% of the Australian ETF market (trading and reporting).
Marketech Focus clients will now have access to Chi-X Australia’s Funds market, a suite of 18 Active and Passive ETFs including the recently launched ETFS Fintech & Blockchain ETF (Chi-X ticker: FTEC) and Cosmos Global Digital Miners Access ETF (Chi-X ticker: DIGA).
Over time the retail investor offering will expand to include data from Chi-X and other exchanges for a complete depth of the Australian financial landscape, furthering Marketech’ s move into the professional platform market.
Full data access
“Marketech has always been concerned that the low-cost retail platforms are limiting live price data in a bid to reduce costs,” Clark said.
“By partnering with Chi-X Australia, Marketech can continue to build a platform that is professional-grade yet affordable and to level the playing field, not make it more risky.”
Commenting on the announcement, Chi-X Australia CEO Vic Jokovic welcomed having another of Australia’s leading online brokers give more investors access to Chi-X Australia’s bespoke and growing product range.
“Like Marketech, Chi-X Australia is focused on delivering innovative financial products and services and opening access to these products to all Australian investors,” Jokovic said.
“The future of the Australian financial services sector will be forged on using technology to solve pain points for investors. Two technology-focused companies like Chi-X Australia and Marketech coming together is an example where this is happening today.”
Partnerships formed through technology
Marketech is combining its strong technology foundations with strategic partnerships to deliver a best of breed and cost-effective platform that puts professional grade tools in the hands of retail investors.
Marketech also has a partnership with online portfolio management tool Sharesight, and most recently announced an agreement to give clients independent market research and insights from the highly regarded stock market newsletter Marcus Today.
