Chi-X, which runs Australia's alternative share trading platform, will launch a warrant trading platform later this month, going live for trading on 25 November 2015. Speaking at the Broadridge "Strategies for Market Change" conference, John Fildes, chief executive officer of Chi-X said the idea had its basis in what he called "the superannuation squeeze" - there are more investment dollars in Australia's superannuation sector looking for a home than there are opportunities. The matter is exacerbated by the large proportion of Australian equities held by overseas investors, and the many self-managed super funds that are overweight in low-yield products."Of the A$600 billion held by SMSFs, $200 billion is held in cash and term deposits, 35 per cent in equities is allocated between about ten major stocks, and less than one per cent is in overseas stocks, so not lots of diversity," he said.Fildes further noted that Australia's sharemarket is also heavily skewed towards natural resources and banking which make up 75 per cent of market capitalisation.Without diversity, people will struggle for returns above the rate of inflation.The stage was set last month when the company announced the Federal Government had extended its licence and market rules to cover derivatives.The Chi-X plan is to work with other relevant players and set up system where warrants are approved in 24 hours, rather than the five days that the current system contemplates. Chi-X has previously said will take a measured approach to building a warrants trading platform, with only a handful of products in the initial few weeks, and a staggered build-up coming into full operation in the first half of 2016.By April 2016, the company will start running a new exchange traded fund platform, settled through the familiar CHESS settlement platform, "but cheaper, so market makers can work with Chi-X," Fildes said.He also re-iterated that in March next year, Chi-X plans to go further into the self-managed super fund sector, putting out "life cycle indices" for each stage of a working life.