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Chi-X Europe Ltd |
| Address: |
Quay Level,
Commodity Quay,
East Smithfield,
London
E1W 1AZ |
| Contact Name: |
Hirander Misra |
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| Contact Email: |
Hirander.Misra@chi-x.com |
| Contact Telephone: |
020 7131 3333 |
| Sales Name: |
Graham Dick |
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| Sales Email: |
Graham.Dick@chi-x.com |
| Sales Telephone: |
020 7131 3333 |
| Staff: |
32 |
| Turnover: |
2008 Consideration Traded EUR 658 billion |
| Website: |
www.chi-x.com
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Chi-X Europe Ltd (Chi-X) was the first live pan-European equity Multilateral Trading Facility and continues to be the largest MTF by market share and value traded. Chi-X has established itself as the ‘Faster, Cheaper, Smarter’ alternative to traditional exchanges.
Measurements by a Trading Participant in October 2008 demonstrated roundtrip latency as low as 0.4 milliseconds (ms) when co-located with Chi-X.
This contrasted with average latency of 6 ms on the LSE, 13ms on Euronext, 37ms on Deutsche Borse and up to 43ms on OMX. Chi-X’s core system can handle up to 115,000 messages per second without any degradation in latency.
Chi-X is based on the principle that the user pays only for services consumed. Our trading tariff consists of a 0.30 bps charge for aggressive executions and a 0.20 bps rebate for passive executions, with no added complexities. Real-time market data is free of charge.
Despite changes made by some exchanges to their pricing structures, Chi-X remains a more cost effective trading venue than the exchanges, as shown in research by The Tower Group in December 2008.
Now, Chi-X is shifting its focus to ‘Liquidity, Innovation and Service’, making Participants’ views a priority and responding to meet their requirements. Chi-X regularly communicates with Participants and invites feedback via its account managers, trading notices and other avenues.
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Products:
Name: |
Type: |
| TDM / Off-exchange Trade Reporting |
Trade Reporting |
| Chi-X Europe Historical DataService |
Market Data |
| Co-Location |
Trading |
| Chi-X Europe Central Limit Order Book |
Trading |
| Sponsored Access |
Trading |
| CCP Interoperability |
Clearing |
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