Chi-X Europe Granted FSA License For Off-Exchange Trade Reporting - Monthly Trade Reporting Service Available For £210 Per Month - No Charge For Market Data, Licenses, Data Feeds Or Message Traffic

Chi-X(®) Europe Limited, a pan-European equity alternative trading system (ATS), today announced that it has been granted Trade Data Monitor (TDM) authorization by the Financial Services Authority (FSA), enabling Chi-X Europe to offer its participants a trade reporting service for Chi-X Europe trades, as well as a broad range of OTC equity trades.

Effective immediately, Chi-X Europe will offer off-exchange trade reporting for a monthly fee of £210 per client connection. There will be no additional charges for market data, license fees, data feed fees or message or volume traffic.

Under the TDM license, Chi-X Europe will provide a real-time, FIX 4.4 trade data feed to participants and vendors, and will receive submitted trade reports via the same format. In order to provide complete post-trade transparency, Chi-X Europe will handle trades, trade corrections and trade cancellations, as well as the delayed publication of block trades.

“We are delighted that the FSA has granted authorization for Chi-X Europe to operate as a Trade Data Monitor, as this will allow us to help clients meet their post-trade transparency requirements under MiFID Article 28,” commented Hirander Misra, Director of Chi-X Europe Limited. “We believe that the combination of no cost market data and flat fee trade reporting with Chi-X’s faster, cheaper and smarter trading and clearing model makes it an extremely viable alternative for European investors.”