Chi-X Europe, a pan-European multilateral trading facility, has joined forces with market data analysis firm Intelligent Financial Systems to offer a web-hosted, historical data service.
Chi-X Europe DataService will afford clients access to the MTF’s raw historical tick and order book data, and will offer the ability to rebuild the full depth of the book dating from 1 August 2008.
The service’s data analysis tools, such as integrated search, analytics, custom-made reports and data query service, will assist high-frequency traders in building trading models for use on the trading venue. Chi-X Europe DataService will be available to Chi-X members immediately.
“Effective and efficient data monitoring and analysis helps our users understand more about their trading patterns and how to use this data to anticipate further trading opportunities,” said Hirander Misra, COO, Chi-X Europe.
Sabine Toulson, managing director of Intelligent Financial Systems added: “As part of our offering for investment banks, exchanges and other financial information providers, we have been focusing on the opportunities presented by the arrival of new MTF trading destinations, of which Chi-X Europe was the first.”