Chi-X Europe Extends Trading to Portuguese Stocks
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LONDON--(Business Wire)-- Chi-X® Europe Limited, operator of the largest pan-European equity multilateral trading facility (MTF), today announced that it has begun trading the following five component stocks of the Portuguese PSI 20 Index: * EDP Renovaveis * Energias de Portugal * Galp Energia * Portugal Telecom * Zon Multimedia Chi-X Europe will complete the rollout of the PSI 20 index constituents on Friday 3rd July 2009. "Now in our third year of trading, we continue to introduce trading services for many of Europe`s most heavily-traded equities in the first, second and third tier indices and are pleased to extend coverage to these Portuguese names," commented Mark Howarth, CEO of Chi-X Europe Limited. "We remain committed to providing the European trading community with a low cost operating model designed to help our Trading Participants achieve ultra low execution, clearing and settlement costs." Trades in these stocks will be cleared through European Multilateral Clearing Facility N.V. (EMCF) and settled at the domestic Central Securities Depository, Interbolsa, in line with Chi-X Europe`s practice of maintaining fungibility with trades on the incumbent exchanges. 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 in both a visible order book and the Chi-Delta non-displayed order book. 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. Instinet Mark Dowd, 212-310-5331 First Vice President, Global Corporate Communications & Public Relations mark.dowd@instinet.com or Streets Consulting Ltd. for Chi-X Europe Limited Julia Streets, + 44 7976 205552 julia.streets@streetsconsulting.com Copyright Business Wire 2009
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