Chi-X Global could receive a government license to run an exchange in Australia as soon as April, The Wall Street Journal reports. The Australian Securities & Investments Commission (ASIC) has unveiled a timetable for the licensing of competitors to the Australian Stock Exchange. Chi-X had first applied for an Australian license three years ago and secured partial approval in March 2010. ASIC, which will complete new full market integrity rules by April, said the licensing of Chi-X will be subject on meeting certain conditions on computer systems, resourcing and staffing.

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