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Chi-X Canada introduces ETF X Factor pricing programme

10 August 2009  |  906 views  |  0 Source: Chi-X Canada

Chi-X Canada ATS Limited today announced the "ETF X Factor" pricing program.

With the new promotional program, takers of ETF (exchange traded funds) liquidity on Chi-X Canada will see their charge reduced to $.0020 per share, while ETF liquidity providers will receive a rebate of $.0025 per share*. The new rates, which will run from September 14, 2009 through October 16, 2009, will apply to all Canadian ETFs available for trading on Chi-X Canada (for complete list, please visit www.chi-xcanada.com).

"From our launch, a core tenet of Chi-X Canada has been our desire to pass along the benefits of competition to our participants," said Beth Haines, manager of client relations for Chi-X Canada. "Our March pricing promotion was a huge success both for the Canadian trading community and Chi-X Canada, and we're excited to build on that by passing along the benefits of trading Canadian exchange traded funds with the 'ETF X Factor.'"

Chi-X Canada also announced today a new general pricing schedule, effective September 1, 2009:

                                  Pasive (Maker)                    Aggressive (Taker)

Stocks Over $1 **         $.0025                                 $.0029

Stocks Under $1            $.0005                                 $.0008

* All fee changes subject to regulatory approval.
** All prices denoted in Canadian dollars.

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