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Chi-X® Europe Limited, the first live, pan-European equity Multilateral Trading Facility (MTF), today published its trading statistics for the first quarter of 2008.
Chi-X Europe offers trading, clearing and settlement for the component stocks of the FTSE 100 (British), CAC 40 (French), AEX 25 (Dutch), DAX 30 (German), SMI 20 (Swiss), OMX Stockholm 30 (Swedish) indices.
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Chi-X®
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Overview (vs.
Previous Quarter) |
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Number of Trades |
6,629,090 (+176%) |
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Share Volume |
6,581,183,080 (+256%) |
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Turnover |
€74,264,870,421 (+115%) |
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Market Share
Highlights |
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Stock |
Date |
Percentage of
Combined Chi-X Europe and Primary Exchange Volume Executed on Chi-X |
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Royal & Sun Alliance
Group |
12-Mar-08 |
34.30% |
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Old Mutual |
13-Mar-08 |
32.87% |
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Standard Chartered |
27-Mar-08 |
32.04% |
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Legal & General Group |
13-Mar-08 |
27.97% |
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TUI |
31-Mar-08 |
24.24% |
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Aegon |
10-Jan-08 |
22.04% |
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Price Improvement *
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Month |
Percentage of
Trades Executed Inside the Primary Market Spread |
Average Price
Improvement (basis points) |
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March 2008 |
45% |
2.76 |
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February 2008 |
47% |
2.67 |
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January 2008 |
53% |
2.93 |
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December 2007 |
49% |
2.38 |
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November 2007 |
49% |
2.28 |
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October 2007 |
51% |
1.99 |
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September 2007 |
46% |
1.85 |
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August 2007 |
49% |
1.97 |
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July 2007 |
57% |
2.17 |
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June 2007 |
69% |
2.67 |
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May 2007 |
54% |
1.5 |
Price improvement is defined as the difference between the Chi-X Europe execution price and the best quoted price on the primary exchange at that time.
