Chi-X Europe Celebrates First Anniversary

7 April 2008

Chi-X® Europe Limited today marked the passage of its inaugural year as the first and only live, pan-European equity Multilateral Trading Facility (MTF). Since officially launching on 30 March 2007 by trading, clearing and settling the component stocks of the AEX 25 (Dutch) and DAX 30 (German) indices with the help of Fortis’ European Multilateral Clearing Facility (EMCF), Chi-X Europe has added the FTSE 100 (British), CAC 40 (French), SMI 20 (Swiss) and OMX Stockholm 30 (Swedish) indices, which represent Europe’s most significant markets by volume and turnover.

“It has been an encouraging first year for Chi-X Europe, as we have established ourselves as a significant alternative execution venue for European equities,” commented Tony Mackay, CEO of Chi-X Global, a holding company for Instinet’s Chi-X platforms. “Within that time we have seen steady growth by offering participants a high-speed, low-cost, high-capacity platform that supports a wide range of order types and consequently allows them to meet their own best execution objectives.”

Added Peter Randall, CEO of Chi-X Europe: “Going forward, Chi-X Europe will continue to look for ways to deliver substantial value for investors. We are pleased with the results we have achieved to date, and excited about the next stage in our development.”

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