GATElab completes Chi-X Europe testing

13 January 2009

GATElab, global supplier of end-to-end connectivity and trading solutions, today announced the successful completion of Chi-X Europe conformance testing. As a result, GATElab's institutional clients will gain the immediate access to the first order-driven pan- European equities multilateral trading facility achieving ultra-low execution, clearing and settlement costs.

The gateway to Chi-X Europe is an important addition to GATElab's existing offerings to financial institutions together with an advanced trading suite featuring a high performance algorithmic environment.

Hirander Misra, Chief Operating Officer, Chi-X Europe, said: "Through our streamlined business model, institutional investors are able to trade a wide range of European equities and achieve low-cost, high-speed trade execution, as well as potential price improvement. We are pleased to welcome GATElab and its clients to our growing roster of Chi-X users."

GATElab's multi-asset cross-markets suite of components, MiFID compliant, fulfils the needs of buyside, sell-side and hedge-fund partners: from a fast single click trading front end to a flexible and easily programmable automated trading and quoting engines, from a dealer-to-broker fix interconnection and a fast EMS, to a real time forwarding of captured trades/orders to position and back office systems.

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