The Chicago Stock Exchange (CHX) has completed the migration of trading in all securities to a new fully automated trading system.
The new platform supports fully automated trading of all NMS securities with immediate display, execution and cancellation of orders required by Regulation NMS.
CHX says the evolved exchange offers the immediacy, capacity and competitive pricing demanded by professional and algorithmic trading firms, while serving the needs of online, full service and institutional broker-dealers with continued access to the CHX routing network.
The new technology and rule structure offer a variety of order types including “Reserve Orders,” “Undisplayed Orders,” and “Midpoint Crosses.”