- Chi-X Global
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Chi-X Global Holdings LLC Headquarters 1095 Avenue of the Americas, New York, NY 10036 Key people Tal Cohen, CEO
Fumiki Kondo, ChairmanWebsite http://www.chi-x.com Chi-X Global is a global, consortium-backed operator of alternative equity trading venues that compete with primary exchanges. Chi-X Global operates Chi-X Canada, Chi-X Japan, Chi-East (a 50/50, pan-Asian dark pool venture with SGX) and the Chi-Tech technology unit. It will launch Chi-X Australia on Monday, 31 October 2011[1].
Originally launched by Nomura Holdings subsidiary Instinet, Chi-X Global on October 18, 2011 announced that five major institutions -- Bank of America, GETCO, Goldman Sachs, Morgan Stanley and Quantlab Financial -- had taken a minority stake in the firm[2].
Chi-X Global is operated independently from Chi-X Europe, which Instinet launched in 2007 before bringing on a similar consortium of major financial firms as owners[3]. In February 2011, BATS Global Markets has announced plans to acquire Chi-X Europe, with the transaction currently being reviewed by the United Kingdom's Competition Committee[4].
The name Chi-X is derived from the Greek letter Chi, written X, claimed to symbolise the crossing of the two sides of a trade. Along with the “X” from the Latin alphabet, the name supposedly signifies a combination of the old world and modern world, or traditional securities trading techniques married with cutting-edge technology[5].
References
- ^ Bendeich, Mark (September 2011). "Chi-X Australia picks BHP to kick off trade in new exchange". http://uk.finance.yahoo.com/news/Chi-X-Australia-picks-BHP-targetukfocus-1606896443.html. Retrieved 2011-09-22.
- ^ "Chi-X Global Announces New Equity Investors". http://www.chi-x.com/resources/global/file/Chi-X%20Global%20Announces%20New%20Equity%20Investors.pdf. Retrieved 2011-10-18.
- ^ "Instinet Adds Chi-X Europe Equity Participants". http://www.batstrading.com/resources/press_releases/BATS_Chi-X_SPA_FINAL.pdf. Retrieved 2008-01-10.
- ^ "BATS Global Markets Agrees to Acquire Chi-X Europe". http://www.chi-x.com/resources/global/file/Chi-X%20Global%20Announces%20New%20Equity%20Investors.pdf. Retrieved 2011-02-18.
- ^ "About Chi-X Global". http://www.chi-x.asia/apac/sub_pages.asp?pid=9.
External links
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