The technical glitch is an embarrassment for the ASX, coming just days ahead of the launch of trading in Australia by rival bourse operator Chi-X. Chi-X, which counts Nomura as its top shareholder, is set for a soft launch in Australia on Monday, breaking the two-decade monopoly held by the ASX. Chi-X, which is looking at new market opportunities in Asia Pacific and Latin America, has sold stakes to five top trading firms including Goldman Sachs and Morgan Stanley and plans to lean on these new partners to find the markets, its Chief Executive Tal Cohen told Reuters.
