Chi-X Australia Appoints Independent Director

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Chi-X Australia, a wholly owned subsidiary of alternative trading venue operator Chi-X Global Inc., has announced the appointment of industry veteran David Trude as an Independent Director.

Peter Fowler, Chief Operating Officer of Chi-X Australia, commented, 'David Trude brings invaluable market experience gathered over decades spent as a senior figure in the Australian equities trading environment, including significant leadership roles with broking firms, industry bodies and in regulatory affairs', he said.

'His deep knowledge and understanding of the Australian market complements our innovative and progressive market platform, as Chi-X focuses on establishing itself as an integral part of Australian capital markets and the financial services and investment industry', Fowler added.

Commenting on his appointment, Trude said that the Australian financial services sector is poised to benefit from competition amongst trading platforms.

'Preparations for the entry of Chi-X have been very thorough to date and have encompassed the broking industry, suppliers, regulators and investors, both established and new', Trude said. 'As Chi-X gets close to commencing operations and preparations intensify, I look forward to working with the Chi-X team and trading participants during this exciting time', he added.

Trude’s three decades in the stockbroking industry includes his tenure as CEO of Credit Suisse in Australia for a decade and service as a Board Member of the Stockbrokers Association of Australia. He remains a Consultant to Credit Suisse, is Chairman of broker E.L & C. Baillieu and a Panel Member of the ASX Disciplinary Tribunal.

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