Difference between revisions of "Chi-X Global Holdings, LLC"

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Chi-X Global Inc. is a subsidiary of Instinet and is the holding company for [[Instinet]]'s regional Chi-X market centers, including [[Chi-X Europe Limited]].
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{{Infobox_Company
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| company_name =  Chi-X Global Inc.
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| company_logo =  [[Image:imgname.jpg]]
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| key_people =  Chairman Tony MacKay, CEO John Lowrey
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| foundation =  February 2008
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| location =  New York 
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| products =   
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| homepage =  http://www.instinet.com/includes/index.jsp?thePage=/AboutInstinet/aboutInstinet.html
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}}
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Chi-X Global is the parent company of several regional Chi-X [[electronic trading]] platforms around the world, including [[Chi-X Canada]] and [[Chi-X Japan]] as well as the proposed [[Chi-X Australia]] plus trading-technology provider [[Chi-X Global Technologies]]. Chi-X Global was launched in 2008 by parent company [[Instinet]] as a competitor to traditional trading venues like the [[NYSE]] and will launch the [[Chi-East]] with the [[Singapore Exchange]] later in 2010. [[Chi-X Europe]], by contrast, operates as a NYSE Euronext]]separate entity and isn't part of the Chi-X Global group.
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{{Infobox Midpage Need Sponsor}}
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==Backgound==
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Global [[agency brokerage]] group [[Instinet]] plus a minority-stake consortium of 13 investment banks started Chi-X Global in early February 2008 following the success of [[Chi-X Europe]] in the year since its launch in March 2007.<ref>{{cite web|url=http://www.reuters.com/article/idUSL0879153820080208|name=Instinet's Chi-X Global to challenge exchanges|org=Reuters|date=July 9, 2010}}</ref>Chi-X Global has since added [[Chi-X Canada]] and [[Chi-X Japan]] and plans to add [[Chi-X Australia]] to the group as well as a [[joint venture]] with the [[Singapore Exchange]]. The group provides [[multi-lateral trading platform]]s trading at higher speed and lower cost compared to with traditional [[stock exchange]]s like [[NYSE Euronext]].
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Chi-X Global also announced in early June 2010 that it had teamed up with Brazilian exchange [[BM&FBOVESPA]] to create [[Chi-FX Brazil]] to serve the [[foreign exchange]] market in Brazil.<ref>{{cite web|url=http://www.marketwatch.com/story/chi-x-global-and-bmfbovespa-team-to-streamline-international-trading-into-brazil-2010-06-01|name=Chi-X Global and BM&FBOVESPA Team to Streamline International Trading into Brazil|org=BusinessWire|date=July 10, 2010}}</ref> The [[joint venture]] requires Chi-X Global to develop and support the trading platform and BM&FBOVESPA to market the service and provide support to its customers. [[Chi-X Global Technology]] is the technology services unit of Chi-X Global and provides trading infrastructure and services to financial markets.
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==Key people==
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Chi-X Global announced in March 2009 that former CEO [[Tony Mackay]] had been appointed Chairman while [[John Lowrey]] would succeed him as the group's new CEO.
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==Latest news==
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Chi-X Global announced July 6, 2010 that its Japanese subsidiary [[Chi-X Japan]] Ltd. would begin trading Japanese [[securities]] on its trading platform beginning July 29, 2010 after approval from Japan's Financial Services Agency (FSA).<ref>{{cite web|url=http://www.marketwatch.com/story/chi-x-japan-receives-launch-approval-2010-07-06?reflink=MW_news_stmp|name=Chi-X Japan Receives Launch Approval|org=BusinessWire|date=July 10, 2010}}</ref> Chi-X Japan now holds a proprietary trading system (PTS) licence from the FSA and will clear all its trades with the [[Japan Securities Clearing Corporation]]. Trading on Chi-X Japan will at first be confined to a few selected securities but will eventually widen to include all [[Nikkei 225 Index]] stocks.  
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== References ==
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<references />

Revision as of 21:54, 12 July 2010

Chi-X Global Inc.
File:Imgname.jpg
Founded February 2008
Headquarters New York
Key People Chairman Tony MacKay, CEO John Lowrey
Website http://www.instinet.com/includes/index.jsp?thePage=/AboutInstinet/aboutInstinet.html

Chi-X Global is the parent company of several regional Chi-X electronic trading platforms around the world, including Chi-X Canada and Chi-X Japan as well as the proposed Chi-X Australia plus trading-technology provider Chi-X Global Technologies. Chi-X Global was launched in 2008 by parent company Instinet as a competitor to traditional trading venues like the NYSE and will launch the Chi-East with the Singapore Exchange later in 2010. Chi-X Europe, by contrast, operates as a NYSE Euronext]]separate entity and isn't part of the Chi-X Global group.

Template:Infobox Midpage Need Sponsor

Backgound

Global agency brokerage group Instinet plus a minority-stake consortium of 13 investment banks started Chi-X Global in early February 2008 following the success of Chi-X Europe in the year since its launch in March 2007.[1]Chi-X Global has since added Chi-X Canada and Chi-X Japan and plans to add Chi-X Australia to the group as well as a joint venture with the Singapore Exchange. The group provides multi-lateral trading platforms trading at higher speed and lower cost compared to with traditional stock exchanges like NYSE Euronext.

Chi-X Global also announced in early June 2010 that it had teamed up with Brazilian exchange BM&FBOVESPA to create Chi-FX Brazil to serve the foreign exchange market in Brazil.[2] The joint venture requires Chi-X Global to develop and support the trading platform and BM&FBOVESPA to market the service and provide support to its customers. Chi-X Global Technology is the technology services unit of Chi-X Global and provides trading infrastructure and services to financial markets.

Key people

Chi-X Global announced in March 2009 that former CEO Tony Mackay had been appointed Chairman while John Lowrey would succeed him as the group's new CEO.

Latest news

Chi-X Global announced July 6, 2010 that its Japanese subsidiary Chi-X Japan Ltd. would begin trading Japanese securities on its trading platform beginning July 29, 2010 after approval from Japan's Financial Services Agency (FSA).[3] Chi-X Japan now holds a proprietary trading system (PTS) licence from the FSA and will clear all its trades with the Japan Securities Clearing Corporation. Trading on Chi-X Japan will at first be confined to a few selected securities but will eventually widen to include all Nikkei 225 Index stocks.

References

  1. Instinet's Chi-X Global to challenge exchanges. Reuters.
  2. Chi-X Global and BM&FBOVESPA Team to Streamline International Trading into Brazil. BusinessWire.
  3. Chi-X Japan Receives Launch Approval. BusinessWire.