27.03.2015, 11:02
Chi-X Canada Set to Launch Odd Lot Facility
OREANDA-NEWS. Chi
-
X
®
Canada ATS Limited, a wholly owned subsidiary of alternative
trading venue operator Chi
-
X
®
Global Holdings LLC,
today
released
CX2
’s
Odd Lot Facility
pricing
schedule and confirmed its launch o
n Wednesday, April 1, 2015.
CX2 ’s Odd Lot Facility will offer unique features which include the ability to immediately execute marketable odd lot IOC orders for all TSX listed and TSX Venture listed securities at the contra - side of the Canadian Best B id Offer (CBBO).
Dan Kessous, CEO of Chi - X Canada , commented : “We would like to thank the trading community which was the key driver behind the inception of CX2’s Odd Lot Facility. We recognize that Chi - X , the largest competitor to the primary market, is in a unique position to bring greater trading efficiencies as we lo ok to drive positive change to benefit all investors.”
In February , Chi - X and CX2 captured 21.2% market share of TSX listed securities by volume traded.
About Chi - X ® Canada
A subsidiary of Chi - X Global, Chi - X Canada is an operator of high - performance marketplaces for the trading of TSX and TSXV listed securities. Chi - X Canada’s two platforms - Chi - X Canada and CX2 - offer market - agnostic smart routing, advanced order types, trade reporting, risk management tools, historical market data and cross connec tivity services. Like all Chi - X Global platforms, Chi - X Canada and CX2 aim to provide cost savings to investors through trading efficiencies, ultimately helping to improve investment performance.
About Chi - X ® Global
Owned by a consortium of major financi al institutions, Chi - X Global operates market centers in Australia, Canada and Japan. Chi - Tech ™, the technology services unit of Chi - X Global, provides technology to its business lines and the Chi - FX™ platform.
CX2 ’s Odd Lot Facility will offer unique features which include the ability to immediately execute marketable odd lot IOC orders for all TSX listed and TSX Venture listed securities at the contra - side of the Canadian Best B id Offer (CBBO).
Dan Kessous, CEO of Chi - X Canada , commented : “We would like to thank the trading community which was the key driver behind the inception of CX2’s Odd Lot Facility. We recognize that Chi - X , the largest competitor to the primary market, is in a unique position to bring greater trading efficiencies as we lo ok to drive positive change to benefit all investors.”
In February , Chi - X and CX2 captured 21.2% market share of TSX listed securities by volume traded.
About Chi - X ® Canada
A subsidiary of Chi - X Global, Chi - X Canada is an operator of high - performance marketplaces for the trading of TSX and TSXV listed securities. Chi - X Canada’s two platforms - Chi - X Canada and CX2 - offer market - agnostic smart routing, advanced order types, trade reporting, risk management tools, historical market data and cross connec tivity services. Like all Chi - X Global platforms, Chi - X Canada and CX2 aim to provide cost savings to investors through trading efficiencies, ultimately helping to improve investment performance.
About Chi - X ® Global
Owned by a consortium of major financi al institutions, Chi - X Global operates market centers in Australia, Canada and Japan. Chi - Tech ™, the technology services unit of Chi - X Global, provides technology to its business lines and the Chi - FX™ platform.
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