Chi-X Canada sets launch date
Chi-X Canada ATS Limited, a wholly-owned subsidiary of global agency broker Instinet and operator of Chi-X Canada, has announced that its ATS (alternative trading system) will commence trading on Wednesday, February 20, 2008.
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A complete listing of stock names initially available for trading, followed by the rollout schedule for additional securities, will be provided closer to the launch.
"After consulting with key industry participants — including prospective clients, regulatory organizations and technology vendors — we decided on the February 20 launch date to give the Canadian investment community ample time to prepare for Chi-X Canada," said Tal Cohen, SVP at Instinet.
Chi-X Canada, whose technology is currently powering Chi-X Europe, has been available for testing by market participants since June 2007, and will continue to be available through the February 20 launch. Prospective clients or technology vendor partners interested in testing should contact Chi-X Canada at 888-310-1560 or operations@chi-xcanada.com.