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The Chicago Stock Exchange (CHX) today announced that over 450 NASDAQ Capital Markets issues began Unlisted Trading Privileges (UTP) trading on the CHX matching system on May 22, 2007 in both its core and late crossing sessions, from 9:30am ET to 4:00pm ET and 4:00pm to 5:00pm ET respectively.
The CHX matching system has been designed to provide US broker/dealers fully electronic, cost efficient access to a fair, open and neutral market place. The new trading platform along with it CHXConnect, the CHX operated communications service, brings together diverse order flow from retail brokers, CHX Institutional Brokers, NASD market makers and CHX proprietary market makers.
Sayena Mostowfi, CHX VP, Strategic Planning said, "Consistent with our mandate to offer choice to the securities industry, we've responded to customer requests to make these issues immediately available."
About CHX
CHX is an integral part of the National Market System offering competition to all U.S. equity markets in the trading of virtually all NYSE, AMEX, and NASDAQ listed issues. With a robust matching engine and its CHXConnect routing network, CHX customers can choose immediate display, execution or cancellation of orders and/or order-routing to NASD Market-Makers and CHX Institutional Brokers who are able to provide customized order handling solutions. Orders executed on the CHX enjoy the benefits of an exchange print with full exposure to all National Market System participants.
