Atrium Network, a connectivity provider for the financial community, announced on Tuesday that it is offering connectivity to Chi-X Europe, the first live pan-European multilateral trading facility (MTF).
"For the first time in Europe, clients have choices when trading European equities," notes Emmanuel Carjat, CEO, Atrium Network. "At Atrium Network we support efforts by Chi-X Europe and other industry participants to provide greater competition in trading, clearing and settlement. However, choice can only be realised through connectivity and we are proud to offer our clients access to Chi-X Europe. Through Atrium Network's community extranet they can take advantage of the opportunities offered by price and cost competition and fulfil their best execution obligations," he explains.
"Through our streamlined business model, institutional investors are able to trade a wide range of European equities and achieve a low-cost, high-speed trade execution, as well as potential price improvement," comments Hirander Misra, COO, Chi-X Europe.