Trading technology provider Fidessa has connected to Chi-X Canada, an alternative trading system (ATS) for securities listed on the Toronto Stock Exchange.
The connection will offer Fidessa users an additional source of displayed liquidity in the Canadian marketplace, through Chi-X’s continuous auction market in TSE-listed securities.
“The connectivity arrangement with Fidessa provides market participants with more choice in how they route orders and receive pricing information from Chi-X Canada,” said Tal Cohen, head of Chi-X Canada, in a statement.
Chi-X Canada is based on strict price-time priority and allows participants to smart route orders to any displayed equities marketplace in Canada. Clients will be able to Chi-X Canada through the Fidessa Canadian trading platform and via FIX, using Fidessa’s global connectivity network.