The ASX’s main rival, Cboe Australia, is optimistic that a sale of its business can be secured, a move that would ease pressure on Treasurer Jim Chalmers and the corporate regulator, who have been pushing for greater competition and had just granted the exchange a listings licence.
Chicago-based Cboe Global Markets told investors it had started a sale process for its Australian division, including equities trading and listings of exchange-traded funds, and Cboe Canada, to focus on core operations and other growth opportunities.
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