NeoNet connects to Chi-X

Global DMA provider NeoNet has connected to alternative trading system (ATS) Chi-X, adding a new venue to its existing 25 exchanges globally. The deal also represents NeoNet's first connection to a European ATS, or multilateral trading facility (MTF) as they are now known. NeoNet says connecting to Chi-X was a vital move in enabling clients to comply with Mifid's best execution requirements through one vendor.