Chi-X® Europe Ltd, the largest pan-European equities exchange[i], today celebrated its third anniversary. Chi-X Europe offers trading in more than 1,200 securities from 23 indices across 15 European markets, in addition to ETFs and ETCs, and regularly ranks within the top 3 trading venues in Europe, by value traded.[ii]
Since launch, Chi-X Europe has handled more than 267 million trades, representing a total of 220 billion shares and equating to a total turnover of EUR 1.8 trillion. Since launch, Chi-X Europe’s trading participants have benefitted from total savings of EUR 350 million in price improvement.
Market shares have climbed rapidly. In February 2010, Chi-X Europe represented 26.2% of FTSE 100, 20% of FTSE 250 and more than 20% of all trading in DAX 30, AEX 25 and CAC 40 stocks. Chi-Delta, launched in May 2009, is the largest publicly declared non-displayed order book in Europe[iii].
Commenting on the anniversary announcement, Alasdair Haynes, Chief Executive Officer said, “Our third anniversary marks a significant milestone for Chi-X Europe. We are immensely grateful to our trading participants for their tremendous support over the past three years. Chi-X Europe has worked tirelessly to provide a highly competitive alternative for trading equities in Europe. We will continue to listen to our participants and strive to introduce new opportunities to further improve trading performance and market efficiencies.”
[i] By value traded, Chi-X Europe is the largest venue to offer trading in the most liquid European equities markets
[ii] Source: Federation of European Stock Exchanges, February 2010;
[iii] Source: ThomsonReuters Equity Markets Share Reporter