BATS Chi-X Europe, the dual pan-European multilateral trading facility (MTF), will retain existing trading fees on both its lit order books following the migration of Chi-X Europe to BATS’ technology platform.
While BATS Chi-X Europe plans to offer differentiated pricing on its lit order books with the aim of attracting different types of liquidity, a spokesperson for the firm said the existing tariffs would remain at least until the migration is complete.
BATS Europe currently charges 0.28 bps for removing liquidity and pays a 0.18 bps rebate for posting liquidity. Chi-X Europe charges 0.3 bps for aggressive orders and pays a rebate of 0.2 bps for passive flow. Fees for dark executions, BATS Europe’s onward routing service, as well as Chi-X’s Spanish price promotion, which is due to run until 29 June, will also be retained.
Chi-X Europe, which was purchased by BATS Global Markets last December, is due to move onto the same technology platform as the BATS Europe MTF on 30 April.
After this date, market participants will be able to access both MTFs via a single connection.
BATS Chi-X Europe accounted for 24.3% of pan-European market share last month, making it the region’s largest trading venue.