Chi–X® Europe Limited, operator of the largest pan–European equity multilateral trading facility (MTF), today published its trading statistics for the third quarter of 2008.
Chi–X Europe offers trading, clearing and settlement services for component stocks of the AEX 25/AMX 25 (Dutch), ATX 20 (Austrian), BEL 20 (Belgian), CAC 40/CAC Next 20 (French), DAX 30/MDAX (German), FTSE 100/FTSE 250 (British), OBX 25 (Norwegian), OMX Copenhagen 20 (Danish), OMX Helsinki 25 (Finnish), OMX Stockholm 30 (Swedish) and SMI 20 (Swiss) indices, as well as a selection of ETFs. Chi–X currently offers a total of 714 stocks for trading.
| Chi–X® Europe Trading Statistics – Q3 2008 | ||||
| Overview (vs. Previous Quarter) | ||||
| Number of Trades | 26,343,244 (+109%) | |||
| Share Volume | 26,603,940,558 (+91%) | |||
| Turnover | €246,269,871,971 (+86%) | |||
| Price Improvement * | ||||
| Month | Percentage of Trades Executed At or Better than the Primary Market Spread | Average Price Improvement (basis points) | ||
| Sep–08 | 92% | 3.19 | ||
| Aug–08 | 92% | 2.61 | ||
| Jul–08 | 92% | 2.66 | ||
| Jun–08 | 94% | 2.37 | ||
| May–08 | 95% | 2 | ||
| Apr–08 | 94% | 1.95 | ||
| Mar–08 | 93% | 2.76 | ||
| Feb–08 | 92% | 2.67 | ||
| Jan–08 | 88% | 2.89 | ||
Note: Price improvement is defined as the difference between the Chi–X Europe execution price and the best quoted price on the primary exchange at that time.
| Trading Highlights | ||||||
| Index | Market Share | Market Ratio | Date | |||
| FTSE 100 - British | 22.36% | 28.28% | 20–Aug–08 | |||
| AEX 25 - Dutch | 18.42% | 22.58% | 20–Aug–08 | |||
| CAC 40 - French | 16.12% | 19.21% | 20–Aug–08 | |||
| DAX 30 - German | 15.44% | 18.26% | 20–Aug–08 | |||
| FTSE 250 (171) - British | 14.29% | 16.68% | 20–Aug–08 | |||
| ETFs (5 iShares) | 10.80% | 12.11% | 1–Aug–08 | |||
| OMX H 25 - Finnish | 9.07% | 9.98% | 25–Sep–08 | |||
| BEL 20 - Belgian | 7.51% | 8.13% | 9–Sep–08 | |||
| SMI 20 - Swiss | 7.47% | 8.08% | 20–Aug–08 | |||
| OMX S 30 - Swedish | 5.51% | 5.83% | 23–Jul–08 | |||
| ATX 20 - Austrian | 4.08% | 4.25% | 3–Sep–08 | |||
| OBX 25 - Norwegian | 3.23% | 3.34% | 5–Sep–08 | |||
| OMX C 20 - Danish | 3.06% | 3.15% | 1–Sep–08 | |||
Note: Market Share is Chi–X on order book consideration as a percentage of combined Primary Exchange & Chi–X on order book consideration. Market Ratio is Chi–X on order book consideration as a percentage of Primary Exchange on order book consideration.
About Chi–X® Europe
Chi–X Europe Limited, a majority–owned subsidiary of Instinet Europe Limited, is an FSA–authorised securities firm operating as a multilateral trading facility (MTF) for the trading of a wide range of European equities. Chi–X Europe´s low–cost, streamlined model is designed to help participants achieve ultra–low execution, clearing and settlement costs. Benchmark tests have shown the Chi–X Europe operating model to be up to 10 times faster" and significantly less expensive than Europe´s traditional equity exchanges. Chi–X Europe disseminates real–time market data to clients directly and via third–party market data vendors at no cost, and off–exchange trade reporting is available for a low monthly fee. For more information, please visit www.chi–x.com.
" Based on Instinet Europe Limited´s exchange linkages performance measurement statistics for average DMA order messaging in June 2007. These Instinet internal figures are for round–trip latency message acknowledgement based on sending an average number of messages to the exchange system and obtaining a response back to Instinet´s system over the course of a normal trading day. They are provided for illustrative purposes only and are not intended to represent an independent performance measure of latency. Market volatility and volume may affect actual performance.
©2008 Chi–X Europe Limited. All rights reserved. CHI–X is a registered trademark in the UK and Europe. INSTINET is a registered trademark in the United States and in other countries throughout the world. Approved for distribution in Europe by Chi–X Europe Limited, which is authorised and regulated by the Financial Services Authority.
