Instinet has changed the name of its forthcoming alternative trading system (ATS) for Canadian equities to Chi-X Canada.
The platform was previously known as ICX(SM). “In a relatively short amount of time, we have seen a very strong awareness of our Chi-X brand take hold around the world among both dealers and institutions. That being the case, Instinet intends to standardize both the technology of our displayed ATS platforms and their branding as Chi-X,” says Anthony Abenante, co-CEO, Instinet.
“We’re excited to leverage the strong brand awareness that Chi-X Europe has achieved. Additionally, given that both Chi-X Canada and Chi-X Europe are based on the same technology platform, with identical market data and order entry formats, we feel this name change will simplify the certification process for current Chi-X Europe customers that intend to connect in Canada,” says Tal Cohen, senior vice president, Instinet.