Chi-X Europe, the pan-European multilateral trading facility owned by agency brokerage Instinet, has announced its intention to start trading exchange traded commodities (ETCs) later this month.
From Monday 20 April, ETF Securities, an issuer of ETCs and exchange traded funds (ETFs), will make its ETFS physical gold and gold bullion securities available on Chi-X in both dollar and sterling currencies. Access to the products will be afforded by market segment. If a participant already has access to the Chi-X’s UK segment, they will also have access to the MTF’s UK ETCs.
Tick sizes for the ETCs will be set in line with the primary market and all four products will use Euroclear UK and Ireland as their central securities depository.