Chi-East chooses LCH.Clearnet as clearing facility

Chi-East, a joint venture between trading platform provider Chi-X and Singapore Exchange (SGX), will use London-based LCH.Clearnet as the clearing facility for Asia's first exchange-backed dark pool. "We conducted a formal RFP and received eight high-quality responses," a spokesman for Chi-X tells AsianInvestor. "One thing this process demonstrated is there is real capability and intent to enter and/or expand in Asia among these organisations." Asked about the issue of high-frequenc…