Chi-X Europe, the pan-European multilateral trading facility (MTF) has published its trading statistics for the second quarter of 2010. Chi-X Europe continues to build its market share, with trading reported at €482 billion in Q2 2010, up from €209.5 billion for Q2 2009, made on 72.1 million trades in Q2 2010 up from 37.1 million in Q2 2009.
The MTF also reported taking 27.6% of the FTSE 100 market, 21.1% of the CAC 40 and 20.2% of the DAX 30.
In the second quarter of 2010, Chi-X Europe claims trading participants saved in excess of €53 million in price improvements on the MTF, representing an average basis point saving of 1.49bps.
Non-displayed liquidity represented around 3% of all trading activity transacted on Chi-X Europe in the quarter under review.
Alasdair Haynes, CEO of Chi-X Europe, said, “We have been consistently profitable for the last six months, putting us in a particularly strong position going forward. While we expect the summer to be quieter, as usual in the European markets, we have a number of exciting developments in the pipeline as we continue to innovate and improve to give our participants a better marketplace in which to operate.”