Chi-X to Waive Market Data Charges

FRONT PAGE: DELIVERY TECHNOLOGIES

Chi-X, the new Instinet-owned trading venue, will distribute its market data free of charge to vendors and customers when the new trade execution venue launches in the first quarter of next year, say company officials.

Chi-X is currently in live testing, with Instinet already routing customer orders to the new platform, which will initially trade liquid stocks from Germany, the Netherlands and London. Data will be made available via the ITCH protocol, which is also used by Nasdaq, to distribu

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