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Chi-X Europe Issues Q1 2009 Trading Statistics

Date 15/04/2009

Chi-X Europe offers trading in the component stocks of 18 indices across 13 major European markets – a universe of over 900 stocks – as well as ETFs. In the last quarter, Chi-X Europe added the SBF 120 (French mid-cap) to its growing list of available indices and expanded coverage in the Spanish market to include all of the IBEX 35 component stocks.

“Despite the decline in trading volumes in the European marketplace as a whole following the extraordinary level of volatility in October 2008, we are pleased to have resumed a month-on-month pattern of increased trades, volume and value traded,” said Mark Howarth, Interim CEO of Chi-X Europe.

Chi-X Europe Trading Statistics – Q1 2009                                
 
Q1 2009 (vs. Previous Quarter)
 March 2009 (vs. February 2009)
Number of Trades
26,481,718 (-10%)
10,554,888 (+34%)
Share Volume
21,838,505,131 (-12%)
9,185,055,246 (+42%)
Turnover
148,919,627,926 (-28%)
€57,168,460,312 (+29%)
Price Improvement
Month
Percentage of Trades Executed At or Better than the Primary Market Spread
Average Price Improvement (basis points)
Mar-09
92%
2.64
Feb-09
92%
2.83
Jan-09
91%
2.88
Dec-08
90%
3.59
Nov-08
89%
3.53
Oct-08
88%
3.56
Sep-08
92%
3.19
Aug-08
92%
2.61
Jul-08
92%
2.66
Jun-08
94%
2.37
May-08
95%
2.00
Apr-08
94%
1.95

 
Note: Basis points price improvement is calculated by comparing the execution price against the primary market best bid for each sell or best offer for each buy at the point of execution for all aggressive trades executed on Chi-X Europe, and is calculated from the perspective of the aggressive party only.
 

Market Share Highlights
Index
Market Share
Date
FTSE 100 – British
18.37%
23-Mar-09
AEX 25 – Dutch
17.02%
26-Mar-09
CAC 40 – French
14.50%
5-Feb-09
DAX 30 – German
14.21%
23-Jan-09
SBF 120 – French
13.96%
23-Mar-09
ETFs
13.88%
2-Jan-09
FTSE 250 – British
13.52%
11-Mar-09
CAC Next 20 - French
11.35%
23-Jan-09
BEL 20 – Belgian
10.10%
18-Mar-09
SMI 20 – Swiss
7.92%
27-Mar-09
MDAX – German
7.72%
31-Mar-09
OMX S 30 – Swedish
7.45%
31-Mar-09
OMX H 25 – Finnish
7.10%
10-Mar-09
AMX 25 – Dutch
6.74%
16-Jan-09
S&P MIB 40 – Italian
6.25%
25-Feb-09
OMX C 20 – Danish
3.06%
27-Feb-09
OBX 25 – Norwegian
1.71%
4-Mar-09
ATX 20 – Austrian
1.31%
2-Mar-09
IBEX 35 – Spanish
0.20%
11-Mar-09


Note: Market Share is Chi-X Europe on order book consideration as a percentage of combined Primary Exchange, Chi-X Europe, NASDAQ OMX Europe, Turquoise, BATS Europe and NYSE Arca Europe on order book consideration.