Banks take shares in Chi-X as volumes soar

The Chi-X MTF came into existence in April 2007 as a rival to the monopoly currently exercised by Europe's domestic exchanges and has already attracted substantial liquidity. In Q4 last year, nearly 2.5 million trades were executed on Chi-X; a 121% increase on the previous quarter. Daily volumes so far this year have been regularly in excess of €1 billion.Chi-X currently trades British, French, German, Dutch and Swiss stocks and claims to be ten times cheaper and ten times faster than the tr