Chi-X extends trading to FTSE 100 stocks

Source: Chi-X Europe

Chi-X Europe Limited, a pan-European equity alternative trading system (ATS), today announced that it is successfully trading, clearing and settling all of the component stocks of the FTSE 100.

Chi-X already offers trading for all the Dutch AEX 25 and German DAX 30 component stocks, and will introduce trading for the other major European markets before MiFID goes into effect on 1 November 2007.

Chi-X's trading offering is complimented by the central clearing and settlement services of Fortis' European Multilateral Clearing Facility (EMCF) entity. UK Stocks will be settled in CREST and will be fully fungible for clients whether traded on Chi-X or the primary market.

"Having successfully introduced the AEX 25 and DAX 30 index constituents earlier this year, we are pleased to extend coverage to these UK stocks. Our early results point to an encouraging start in the task of attracting, servicing and maintaining significant new sources of European liquidity," commented Peter Randall, Director of Chi-X Europe Limited."

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