Chi-East moves to connect Asia's dark pools

Joint venture between Singapore Exchange and Chi-X Global expects to announce four new members in the next two months

dark pools

Chi-East will announce four new broker members within the next two months, taking total membership to 10 firms, according to Ned Phillips, the Singapore-based dark pool's chief executive.

The firm, which opened for business in November 2010, is a joint venture between Singapore Exchange and Chi-X Global, making it the only exchange-backed dark pool in Asia, according to Phillips, who says the perceived neutrality created by the tie-up is a key reason for the growth in members. RBS became the

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