The Australian Securities and Investments Commission (ASIC) has approved Cboe Australia’s listing market application.

Cboe will now be able to list new companies on its platform in direct competition with existing market operators, including the Australian Securities Exchange (ASX).

As a result, Australian investors will have access to more investment options, initial public offerings (IPOs) and dual listed foreign entities.

Formerly known as Chi-X Australia, Cboe was launched in Australia in 2011 as a competitor to the ASX, introducing an alternative trading venue for ASX-listed securities and contributing to increased competition and innovation in the Australian equities market. It was acquired by Cboe Global Markets in 2021, becoming Cboe Australia.