Chi-X Europe extends services to French 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 the component stocks of the CAC 40.

Chi-X Europe already offers trading for the FTSE 100, Dutch AEX 25, German DAX 30 component stocks, and will continue to introduce trading for further European markets once MiFID comes into effect on 1 November 2007.

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

"Having successfully introduced the FTSE 100, AEX 25 and DAX 30 index constituents earlier this year, we are pleased to extend coverage to these French 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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