TORONTO - August 17, 2012 - Chi-X® Canada ATS
Limited, a wholly owned subsidiary of alternative trading
venue operator Chi-X® Global Holdings LLC, today
announced plans to launch a second lit marketplace,
CX2™ ATS, in the first quarter of 2013.* With
CX2, Chi-X Canada will establish a unique and different
market model and further provide the trading community with
innovative solutions that result in greater choice and
functionality.
"Canada's equity landscape will soon change dramatically.
With CX2, we hope to satisfy the trading community's demand
for healthy competition and help ensure that Canada remains
at the forefront of innovation both domestically and
globally," said Dan Kessous, CEO of Chi-X Canada.
Kessous continued: "Since our launch we have been committed
to providing greater transparency and the means to reduce
execution costs. CX2 aims to target under-serviced areas of
the market such as institutional and retail investors. We're
excited to build upon Chi-X's history of innovation with this
launch."
Chi-X Canada participants will be able to leverage existing
connectivity to access CX2. More information about pricing
and functionality will be announced over the coming months.
CX2's regulatory filing will be made available for
public comment prior to launch.
*Pending regulatory approval
About Chi-X® CanadaChi-X Canada is a high-performance alternative trading system (ATS) marketplace for the trading of TSX and TSXV-listed securities from 8:30 am to 5:00 pm ET. The market, which is one of the largest ATS platforms in Canada, offers strict price/time priority, post-trade attribution, market-agnostic smart routing, advanced order types, trade reporting, risk management tools, historical market data, co-location and cross connectivity services. Like all of the Chi-X Global platforms, Chi-X Canada aims to provide cost savings to investors through trading efficiencies, ultimately helping to improve investment performance.
About Chi-X® GlobalOwned by a consortium of major financial institutions, Chi-X Global operates Chi-X Australia, Chi-X Canada and Chi-X Japan. Its Chi-Tech technology services unit provides technology to its business lines and its Chi-FX platform is planned for launch in Brazil during Q4 2012 in a venture with BM&FBOVESPA. For more information, please visit www.chi-x.com.
Media Contact
Beth Haines
Chi-X Global
Office: +852 2290 6559 elizabeth.haines@chi-x.com
©2012 Chi-X Global Holdings LLC. All rights reserved. CHI-X is a registered trademark in jurisdictions around the world
Chi-X Canada ATS Limited