Chi-X Announces Dark Book

The new venue, dubbed Chi-Delta (Dark Electronic Liquidity Trading Application), will be a separate, non-displayed referenced pegged order book for orders that do not meet the Markets in Financial Instruments Directive's (Mifid's) large in scale order size requirements, the officials add. Chi-X Europe currently offers traders hidden order types in the visible order book, subject to meeting this regulatory requirement, explains Hirander Misra, COO of Chi-X Europe.

The dark book will run as a

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