Chi-X Europe Exchange Guide

Short Description
Chi-X Exchange Guide V.3. Page 1. Chi-X Europe Exchange Guide …. i.e. a buy order submitted for a stock trading at less than a value of 3 will only …

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Content
Chi-X Exchange Guide v1.1
Page 1
Chi-X Europe Exchange Guide
Exchange Information
Market Coverage: Pan-European Blue Chip Trading Venue
Contact Details: Web: http://www.chi-x.com/
Address: Chi-X Europe Ltd
26th Floor
25 Canada Sq
London
E14 5LB
Tel: 44 (0)20 7154 3333
Fax: 44 (0)20 7519 3332
Market Hours: 06.35 until 16.35 UK time
Currencies Quoted: Local currency for each stock: GBP, GBp, EUR, NOK, DKK, SEK, CHF
Overview of Market Structure: Chi-X Europe Ltd is an FSA authorised securities firm, operating as an Alternative Trading
System.
Chi-X is a venue for professional investors to trade approximately 7,500 pan-European
equities anonymously through a Central Limit Order Book.Chi-X Exchange Guide v1.1
Page 2
Chi-X Europe Exchange Guide
Trading Schedule
Market Data
Period Time Action
Technical Connectivity 06:00 UK time Participant system connectivity can occur. No order entry, modification
or cancellation is permitted.
Pre Market Continuous
Trading Period
06.35 until 08.00 UK time Orders can be entered, modified and deleted. Trades occur
continuously as orders match in price/time priority per normal trading
behaviour. Any unexecuted orders at the end of this period
automatically transfer to continuous trading.
Opening Auction Period 07.00 until 08.00 UK time Unpriced opening auction orders can be entered, modified and deleted,
with trades occurring at an indicative price.
Opening Auction Price
Determination
08:00 UK time Onwards Opening price is established using the primary market opening price
and passed back upstream as a trade correction from 08:00. Once the
opening price is received, any unexecuted opening auction orders will
be cancelled back to participants.
Continuous Trading 08.00 until 16.30 UK time Orders can be entered, modified and deleted. Trades occur
continuously as orders match in price/time priority per normal trading
behaviour. At the end of Continuous Trading any untraded orders will
be cancelled back to participants.
Pre Closing…