Chi-X extends to Sweden

Europe's first functional multi-lateral trading facility (MTF), Chi-X Europe, has started trading Swedish stocks, having previously been restricted to British, French, Swiss, Dutch, and German stocks. The MTF began trading, clearing, and settling the top five stocks of the OMX Stockholm 30 index in the middle of March with plans to introduce the remainder of the names imminently. According to Chi-X, trading Swedish stocks on the Stockholm Stock Exchange costs 1.07 basis points, compared to a