Published On: Tue, Feb 1st, 2011

Chi-X Japan Posts Another Record Month

Chi-X Japan Limited, a wholly-owned subsidiary of alternative trading venue operator Chi-X Global Inc., announced February 1 that January 2011 was another record month for the firm, with turnover reaching ¥211.8 billion and 367 million shares changing hands. Additionally, Chi-X Japan now has 12 trading participants actively using its low latency, state-of-the-art trading venue and has expanded its universe of stocks available for trading to 822 from five at the time of launch.

“With Chi-X Japan now trading as much as five to seven percent of a number of Japan’s most liquid stocks, many investors are now realizing significant price improvement,” said Joseph. F. Meyer, Representative Director of Chi-X Japan. “We are very pleased with the favorable response from and increasing utilization of our platform by our trading participants and their clients, many of whom are offshore investors increasing their investment in Japan.”

“We believe that we are well positioned for continued growth in 2011 given our platform’s speed, capacity, pricing and feature and Chi-X Global’s experience running marketplaces,” said Tal Cohen, CEO of Chi-X Global. “Additionally, as has been the case in other markets in which Chi-X operates, we are encouraging new trading participants to enter the market, which in turn generates more liquidity and benefits all investors.”

About the Author

-

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

IRP Journal

IRP Journal

Sponsor

OPINION POLL

Poll results are published in our Weekly Newsletter -->
subscribe
All Rights Reserved WIld Wild Web Limited