Instinet Forms Chi-X Global, Plans to Launch Australian ATS
Nomura subsidiary Instinet has formed Chi-X Global, a holding company for the operations of Chi-X platforms in Europe, Canada and the Asia-Pacific region (Electronic Trading, Asia Markets IT, 8 February 2008). Additionally, Instinet intends to launch Chi-X Australia, an alternative trading system (ATS) based on the same technology and pricing model as Chi-X Europe and the soon-to-launch Chi-X Canada. Once live, Chi-X Australia, like Chi-X Europe and Chi-X Canada, will be designed to provide market participants with low cost trading through its high-capacity and low latency technology, innovative pricing structure and open, FIX (Financial Information eXchange) protocol-based architecture.
Technorati Tags: Instinet, Nomura, Chi-X Global, Chi-X Australia, Chi-X Europe, Chi-X Canada, FIX protocol
