The best part about the integration of Chi-X trading into the SelfWealth share trading platform is that it all happens effortlessly behind the scenes, and in keeping with the CHESS framework. You do not need to apply for access to Chi-X if you already have a SelfWealth trading account.
In accordance with the Best Execution Policy of our partner and market participant OpenMarkets, we will endeavour to realise the best possible price for your trades. This means that we may automatically route part or all of your order to Chi-X for execution if a superior price is available.
All stocks bought through Chi-X settle via your SelfWealth CHESS HIN as per normal. This is because the ASX still oversees clearing and settlement, whereas Chi-X provides an alternative trading venue. As a result, you can sell shares bought via Chi-X on the ASX, and sell shares bought via the ASX through Chi-X.