IG Prime Adds Access to Australian Equities Market Data

IG Prime, the institutional unit of IG Group (LON: IGG), has expanded its offerings with access to Australian equities market data from CBOE through its FIX API, supporting its growing prime business in Australia.

Meeting the Demand for Aussie Stocks

The announcement detailed that the new offering will ensure cost-effective ASX pricing solutions. The broker further highlighted that the offering will meet the demand from its APAC clients running regional strategies.

“With growing global interest in Australian markets, we’re working with industry partners such as IG Markets to enhance data access and availability,” said Adrian Fyffe of CBOE Data Vantage Sales Australia.

“Through this collaboration, IG Markets’ clients can access the CBOE Australian feed, which delivers high-quality, real-time equity market data at a competitive price. This initiative reflects a shared focus on innovation and delivering solutions that meet client needs.”

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Can Australia Position Itself among Top Stock Markets?

Although traders mostly prefer to trade stocks listed in the United States or other big markets like London, Germany or Hong Kong, the demand for Aussie stocks is also increasing. Several retail brokers, including CFDs brokers, have added top Australian-listed stocks to their offerings.

The Australian stock market, centred around the Australian Securities Exchange (ASX), currently has a market capitalisation of roughly USD 1.6 trillion, making it one of the world’s top 15 largest stock markets.

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While substantial, the ASX remains notably smaller than leading markets such as the New York Stock Exchange (NYSE), which boasts a market cap of approximately USD 25 trillion, or Japan’s Tokyo Stock Exchange (TSE) at about USD 5.7 trillion. However, Australia comfortably surpasses several other developed markets like Singapore’s SGX (approximately USD 600 billion) and Switzerland’s SIX Exchange (around USD 1.4 trillion), underscoring its regional prominence and significant global role.

Meanwhile, the Australian regulator has opened an investigation into the ASX for lapses around “governance, capability and risk management frameworks and practices across the group.”