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Chi-X Australia Hits New Continuous Trading Value Record

John Fildes CEO Chi-X Australia -

John Fildes CEO Chi-X Australia -

Chi-X Australia Pty Ltd, a wholly owned subsidiary of market operator Chi-X Global Holdings LLC, achieved a new one-day record on Friday October 10 with a continuous trading value of almost A$675 million.

Chi-X Australia CEO John Fildes said that the new one day record high marks another positive milestone on Chi-X’s growth journey in Australia.

“During 2014 we’ve hit three significant milestones – we achieved a market share record of 29.86% by value traded on July 11, record trading volumes of A$19.52 billion in September and Monday last week marked the second day that Chi-X has achieved over 20% market share of continuous trading volumes.

“We are particularly pleased that retail investors have voted with their trades by rewarding Chi-X a greater portion of their order flow. The top retail platforms, attracted by our competitive pricing, integrated midpoint trading and increasing depth of liquidity represent a significant portion of our volume every day. A year ago, the participation of retail traders was a growing trend–now it is business as usual.

“Percentage of total market orders is one thing – we’ve been doing very well in that arena. The quality of our customer’s order fills is also important, and we are pleased to see more of our customer orders are being filled straight away on Chi-X,” Mr. Fildes noted.

Chi-X Australia has continued to innovate this year with the launch of its Market on Close facility and by introducing a new low latency trading interface.

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