Chi-X® Europe Limited, the first live, pan-European equity Multilateral Trading Facility (MTF), today announced the appointment of Tony Whalley, Investment Director at Scottish Widows Investment Partnership, as Non-Executive Director.
"We are delighted that Tony has agreed to become a non-executive director of Chi-X Europe," commented Peter Randall, CEO of Chi-X Europe Limited. "From the outset, Chi-X Europe has actively consulted with both our participant firms as well as their buyside clients to better understand the market's needs. As he's one of the buyside's most respected heads of trading, we look forward to Tony's continued input and counsel."
Mr. Whalley added, "I am looking forward to working with the Chi-X Europe management team as I have always been a keen observer of market changes and new entrants. I am excited to help shape the future of Chi-X Europe and represent the buy-side community in future developments."
About Chi-X®Europe
Chi-X Europe Limited, a majority-owned, indirect subsidiary of Instinet Incorporated, is an FSA-authorised securities firm operating as an MTF (Multilateral Trading Facility) for the trading of the component stocks of the FTSE 100 (British), AEX 25 (Dutch), DAX 30 (German), CAC 40 (French) and SMI 20 (Swiss) and, by month end, OMX Stockholm 30 (Swedish).
C hi-X Europe's low-cost, streamlined model is designed to help participants achieve ultra-low execution, clearing and settlement costs. Benchmark tests showed the Chi-X Europe operating model to be up to 10 times faster? and significantly less expensive than Europe's traditional equity exchanges. Chi-X Europe disseminates market data to clients directly and via third-party market data vendors at no cost, and trade reporting is available for a low monthly fee.