Chi-X Europe Limited, operator of the first live, pan-European equity multilateral trading facility (MTF), announced that it is successfully trading, clearing and settling five of the top component stocks of the Belgium BEL 20 index, and plans to introduce the remainder of the index’s components later in the month. The first stocks available for trading on Chi-X Europe are:
Dehaize ORD Inbev ORD KBC Groep ORD Solvay ORD Umicore ORD
“Since launching some fifteen months ago, we have introduced trading services for many of Europe’s most heavily-traded equities and are pleased to extend coverage to these Belgian names,” says Peter Randall, CEO of Chi-X Europe Limited. “Chi-X Europe participants continue to enjoy price improvement and lower trading costs, and we remain committed to providing the European trading community with the benefits of our faster, cheaper and smarter model.”
Trades in these stocks will be cleared through Fortis’ European Multilateral Clearing Facility (EMCF) and will be settled in the Euroclear Central Securities Depositories, and will be fully fungible with trades in these stocks transacted on the primary market.