Chi-X Europe Limited has been granted Trade Data Monitor (TDM) authorization by the Financial Services Authority (FSA), enabling Chi-X Europe to offer its participants a trade reporting service for Chi-X Europe trades, as well as a range of OTC equity trades.
Effective immediately, Chi-X Europe will offer off-exchange trade reporting. There will be no additional charges for market data, licence fees, data feed fees or message or volume traffic.
Under the TDM licence, Chi-X Europe will provide a real-time, FIX 4.4 trade data feed to participants and vendors, and will receive submitted trade reports via the same format.
“We are delighted that the FSA has granted authorization for Chi-X Europe to operate as a Trade Data Monitor, as this will allow us to help clients meet their post-trade transparency requirements under MiFID Article 28,” says Hirander Misra, director of Chi-X Europe Limited.