Published On: Tue, Oct 4th, 2011

Chi-East Reaches Trading Record in Third Quarter of 2011

Chi-East, the independent, pan-Asian trading venue, announced October 4 its trading figures for the third quarter of 2011, a period of significant growth for the platform.

From July to September, the value of trades matched on Chi-East reached US$71.06 million, an increase of 203% over the second quarter of 2011. Chi-East also saw US$4.96 billion routed through its platform in the third quarter, and has provided investors with an average price improvement* of 11.86 bps since its launch in November 2010.

Value Traded (USD) – 71.06 million
Quarter-on-Quarter Increase – 203%
Value Routed (USD) – 4.96 billion
Average Price Improvement* – 11.76 bps

* Price improvement is defined as the difference between the best bid or offer on the security’s primary exchange and the Chi-East execution price

“Since our launch, we have seen continued demand from participants looking to benefit from the liquidity and price improvement opportunities provided by our platform,” said Ned Phillips, CEO of Chi-East. “The last few months have been a significant growth period for Chi-East, as we continued to attract more liquidity and match more trades.”

In addition, Chi-East has also added several key broker-dealers to its trading platform, including ITG, J.P. Morgan and The Royal Bank of Scotland. Phillips added: “We are encouraged to see more brokers electing to use the platform to access aggregated regional trading flows. We look forward to adding more sell-side participants as we further ramp-up activity.”

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