Cboe Gets Nod to List Firms in Australia in Threat to ASX (3)

Cboe Global Markets Inc. received regulatory approval to conduct stock listings in Australia, bringing it closer to challenging the nation’s embattled main exchange operator ASX Ltd.

The country’s financial regulator signed off on a listing market application from Cboe’s Australian unit after a review, according to an Australian Securities & Investments Commissionstatement on Tuesday.

ASIC’s decision will allow initial public offerings on Cboe Australia, threatening to end ASX’s local market domination. Chicago-based Cboe currently provides trading in ASX-listed securities and admits exchange-traded funds through its own market.

The move also follows years of hitches at the ASX, including ...