Chi-X Europe and Intelligent Financial Systems Introduce Historical Chi-X Europe Data Service.LONDON -- Chi-X([R]) Europe Limited, operator of the largest pan-European equity multilateral trading facility (MTF (1) (Modulation Transfer Function) A measurement of monitor sharpness. MTF compares the contrast ratio between alternating black and green lines that are one pixel thick. ), and Intelligent Financial Systems Limited (IFS), providers of historical data and trading applications to the financial markets, today announced the introduction of the Chi-X Europe DataService. The Web hosted service, which is available immediately at http://chix.if5.com, provides access to raw Chi-X Europe historical tick and order book data - including the ability to rebuild full depth of book - from 1 August 2008 onwards, as well as integrated search, analytics, custom report generation and data query services. Commenting on the announcement, Hirander Misra, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Chi-X Europe, said, "We're focused on finding new ways to help our trading participants. Effective and efficient data monitoring and analysis helps our users understand more about their trading patterns and how to use this data to anticipate future trading opportunities. We were impressed with IFS's approach and proven historical market data services and believe that they are well positioned to help Chi-X Europe's trading participants." Sabine Toulson, Managing Director of IFS, added, "As part of our offering for investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , exchanges and other financial information providers, we have been focusing on the opportunities presented by the arrival of new MTF trading destinations, of which Chi-X Europe was the first. We believe that The Chi-X Europe DataService will provide users with useful raw historical data and insight into the dynamics and liquidity of its order book." About Chi-X([R]) Europe Chi-X Europe Limited, a subsidiary of Instinet Europe Limited, is an FSA-authorised securities firm operating as a multilateral trading facility (MTF) for the trading of a wide range of European equities. Chi-X Europe's low-cost, streamlined operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. is designed to help participants achieve ultra-low execution, clearing and settlement costs, and benchmark tests have shown the Chi-X Europe to be significantly faster than Europe's traditional equity exchanges. Chi-X Europe disseminates real-time market data to clients directly and via third-party market data vendors at no cost, and off-exchange trade reporting Trade reporting Dealer: In a trade between two registered Market Participants (MP), only the sell side reports the trade. Auction: In a trade between two member firms, only the sell side reports the trade. is available for a low monthly fee. For more information, please visit www.chi-x.com. About Intelligent Financial Systems Ltd IFS is a software company providing a range of real time and historical market data analysis services. Since the implementation of MiFID last year, IFS have developed a suite of services focussed on analysing execution quality, transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). analysis and pretrade cost prediction for Europe's increasingly fragmented equity markets. These services operate using a proprietary multi-Terabyte database of full depth order book data covering all European equity markets. Public services Public services is a term usually used to mean services provided by government to its citizens, either directly (through the public sector) or by financing private provision of services. we operate using this technology include NYXTradeCheck and Proquote Best Execution www.nyxtradecheck.com, http://bestexecution.proquote.if5.com. IFS also provide bespoke be·spoke v. Past tense and a past participle of bespeak. adj. 1. Custom-made. Said especially of clothes. 2. Making or selling custom-made clothes: a bespoke tailor. and independent analysis for trading firms wanting to understand and quantify the benefits of trading new MTF venues. This is done by analysing a firm's order flow and then calculating the exact trading benefits that would be realised if orders had been smart routed to the "best" execution venue available at the time of order submission. [c]2008 Chi-X Europe Limited. All rights reserved. CHI-X is a registered trademark in the UK and Europe. INSTINET is a registered trademark in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in other countries throughout the world. Approved for distribution in Europe by Chi-X Europe Limited, which is authorised and regulated by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. . |
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