Chi-X, the pan-European order driven MTF, is now actively trading UK, Dutch and German stocks, with a view to introducing more markets ahead of MiFID implementation on 1 November. ChiX says September volumes are up 128% by comparison with August.
Chi-X Europe offers trading, clearing and settlement in component stocks of the FTSE 100, Dutch AEX 25 and German DAX 30.
The key trading statistics are:
Number of trades
531,458 (+71% over August)
Share volume
367,913,685 (+89%)
Turnover
Euros 10,918,269,828 (+128%)
Market share (Percentage of Combined Chi-X and Primary Exchange Volume Executed on Chi-X):
Philips Kon ORD
6 September 2007
31.87%
Philips Kon ORD
5 September 2007
25.12%
BASF
20 September 2007
22.27%
Bayer
18 September 2007
17.36%
ING Groep
6 September 2007
17.33%
R Dutch Shell A ORD
6 September 2007
17.07%
Price Improvement (Percentage of Trades Executed Inside the Primary Market Spread, Average Price Improvement in basis points):
September 2007
46%
1.85
August 2007
49%
1.97
July 2007
57%
2.17
June 2007
69%
2.67
May 2007
54%
1.5