(Reuters) -Cboe Australia’s application to operate as a listing market has been approved by the country’s corporate regulator on Tuesday, enabling it to compete directly with the Australian Securities Exchange and other market operators.

Cboe, launched in Australia in 2011 as a competitor to the ASX, can now list new companies, offering Australian investors increased access to investment options such as initial public offerings and dual-listed foreign entities.

This decision aligns with the Australian Securities and Investments Commission’s (ASIC) goal of fostering a competitive and robust local listing market, it said.

“Australia’s capital markets are strong and resilient, but they must continue to adapt to evolving global market dynamics and meet the future needs of our economy,” ASIC

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