Chi-X® Canada ATS Limited, a wholly owned subsidiary of alternative trading venue operator Chi-X® Global Holdings LLC, today announced the pricing schedule* for its new ATS, CX2™ Canada ATS. The new market place is scheduled to launch on Friday, May 3rd.
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CX2™ Pricing Schedule* |
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$1.00 or over |
Under $1.00 |
||
|
Active rebate |
0.0010 |
Active rebate |
0.0006 |
|
Passive fee |
0.0014 |
Passive fee |
0.0010 |
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Hidden $1.00 or over |
Hidden Under $1.00 |
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|
Active |
Free |
Active |
Free |
|
Passive fee |
0.0009 |
Passive fee |
0.0004 |
Commenting on the launch, Dan Kessous, CEO of Chi-X Canada, said: “Over the last five years we have remained committed to lowering the overall cost of trading in Canada through the introduction of innovative pricing and services that enhance trading performance. Today’s announcement is no exception, as we are excited to unveil a pricing schedule for CX2 that will provide an under-serviced segment of the market with greater choice and cost savings opportunities.”
He continued: “Following the TMX Group’s acquisition of Alpha, we have heard calls from the industry for greater competition. With the introduction of CX2, we will provide a market place that services both the retail investor and small to mid-tier brokers, groups that are currently disadvantaged on other markets.”
For more information, please visit our website: www.chi-x.com/ca
*Pricing schedule subject to regulatory approval.
