Chi-X

Chi-X Europe Limited is the first live order-driven pan-European Multilateral Trading Facility (MTF). Chi-X Europe provides a low cost, high speed model enabling professional participants to trade pan-European equities. Chi-X Europe, majority-owned by Instinet Incorporated, and an FSA-authorised securities firm, was launched in March 2007 offering trading in Dutch and German stocks. Since launch, Chi-X Europe has introduced UK, French, Swiss, Swedish, Finnish, Norwegian, Danish and Belgian equities as part of an ongoing programme to introduce new markets and indices. Chi-X Europe’s low-cost, streamlined model is designed to help institutional investors achieve ultra-low execution, clearing and settlement costs. Chi-X Europe disseminates market data to clients directly and via third-party market data vendors at no cost, and trade reporting is available for a low monthly fee.