Chi-X Europe Announces 2009 `Jump Ball` Equity Plan for Members
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LONDON--(Business Wire)-- Chi-X® Europe Limited, operator of the largest pan-European equity multilateral trading facility (MTF), today announced its 2009 equity participation plan for Chi-X Europe members. Since launching in March 2007, the firm`s strategy has included offering its members the opportunity to purchase equity in Chi-X Europe Limited. As such, it has operated two previous "jump ball" schemes which have enabled those members who contributed the most trading value to the platform the opportunity for equity participation. Members seeking to qualify for the opportunity to purchase equity in this third jump ball programme will be assessed by their overall trading participation (by value traded) from 1 June 2009 - 30 October 2009, subject to certain terms and conditions. Commenting on the jump ball equity plan, Mark Howarth, Interim CEO of Chi-X Europe, said, "We are delighted to announce our newest equity participation plan. We recognise that Chi-X Europe`s success as the largest pan-European MTF is directly attributed to the liquidity contributed by our members, and we are always pleased to reward our greatest contributors by giving them a chance to own an equity stake in the firm. In addition, as shareholders we value their contribution in shaping the direction of our business in the future." Howarth added, "Our previous equity plans have been extremely successful and have contributed to our strong balance sheet. Even in challenging market conditions we`ve remained well capitalised and this equity participation plan will only further strengthen our strong financial position." Note: This announcement does not constitute the solicitation of an offer to purchase securities or an offer to sell securities in any jurisdiction where such a solicitation or offer is prohibited by law. Shares of Chi-X Europe Limited are not registered under the U.S. Securities Act of 1933, and may not be offered or sold to a U.S. person unless so registered or pursuant to an exemption from registration. About Chi-X® Europe Chi-X Europe Limited is an FSA-authorised securities firm operating a multilateral trading facility (MTF) for the trading of a wide range of European equities. Chi-X Europe`s low-cost, streamlined operating model is designed to help trading Participants achieve ultra-low execution, clearing and settlement costs, and benchmark tests have shown Chi-X Europe to be significantly faster than Europe`s traditional equity exchanges. Chi-X Europe disseminates real-time market data to clients directly and via third-party market data vendors at no cost, and off-exchange trade reporting is available for a low monthly fee. For more information, please visit www.chi-x.com. ©2009 Chi-X Europe Limited. All rights reserved. CHI-X is a registered trademark in the UK and Europe. Approved for distribution in Europe by Chi-X Europe Limited, which is authorised and regulated by the Financial Services Authority. Media Instinet Mark Dowd First Vice President, Global Corporate Communications & Public Relations Phone: +1 212-310-5331 Email: mark.dowd@instinet.com or Streets Consulting Ltd. for Chi-X Europe Limited Julia Streets Phone: + 44 7976-205552 Email: julia.streets@streetsconsulting.com Copyright Business Wire 2009
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