Chi-X Canada ATS Limited announces the ETF X Factor pricing program. With the new promotional program, takers of ETF (exchange traded funds) liquidity on Chi-X Canada will see their charge reduced to USD.0020 per share, while ETF liquidity providers will receive a rebate of USD.0025 per share.
The new rates, which will run from 14 September 2009 through 16 October 2009, will apply to all Canadian ETFs available for trading on Chi-X Canada.
From our launch, a core tenet of Chi-X Canada has been our desire to pass along the benefits of competition to our participants, says Beth Haines, manager of client relations for Chi-X Canada. Our March pricing promotion was a huge success both for the Canadian trading community and Chi-X Canada, and were excited to build on that by passing along the benefits of trading Canadian exchange traded funds with the ETF X Factor.
L.D.