â¢ Dehaize ORD
â¢ Inbev ORD
â¢ KBC Groep ORD
â¢ Solvay ORD
â¢ Umicore ORD
âSince launching some fifteen months ago, we have introduced trading services for many of Europeâs most heavily-traded equities and are pleased to extend coverage to these Belgian names,â commented Peter Randall, CEO of Chi-X Europe Limited. âChi-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.â
Trades in these stocks will be cleared through Fortisâ 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.
With the addition of trading services for the BEL 20 component stocks to Chi-X Europe, overall trading, clearing and settlement is anticipated to be less expensive than via the current market infrastructure. According to an analysis by Instinet Europe Limited, Chi-X Europeâs majority shareholder, execution costs for trades transacted on the underlying exchange is 1.09 bps compared to Chi-X Europeâs trading costs of 0.05 bps*.
* Based on a passive/aggressive rebate ratio of 50:50.