Case Study: Chi‑X Australia achieves high‑performance, low‑latency trading and rapid market‑share growth with Fortinet

Chi-X Australia chooses Fortinet to ensure high performance & low latency in bid to disrupt stock exchange market monopoly in Australia

Chi‑X Australia, launched in 2011 as the first competitive equities market to the Australian Stock Exchange, set out to disrupt the incumbent by offering a technology‑driven exchange with world‑class security, ultra‑low latency and strict ASIC compliance. Its goals were to prevent unauthorized access while streamlining customer interactions, keep security-induced latency to single‑digit microseconds, and grow market share beyond its eventual peak of about 29% with daily turnover regularly exceeding AUD$1 billion.

After an exhaustive vendor review Chi‑X selected Fortinet, deploying FortiGate appliances in high‑availability at primary and alternate data centers and FortiAnalyzer for granular reporting and secure remote access. The solution delivered a consolidated, centrally managed security platform that met the single‑digit microsecond latency requirement, supported regulatory audits, and helped enable Chi‑X’s rapid growth to roughly 29% market share within three years.

Chi-X

Michael Aikins

Chief Operations and Technology