Portware has integrated its award-winning Enterprise trading platform with Chi-X Europe.
The connection allows Portwares buy- and sell-side clients to trade directly on Chi-X Europe, the markets first live, order driven, pan-European equities Multilateral Trading Facility (MTF).
Chi-X Europe is one of the fastest growing European MTFs and benchmark tests show its streamlined operating model can be up to ten times faster and significantly less expensive than Europes traditional equity exchanges. Buy- and sell-side firms are able to access Chi-X Europe via Portwares broker-neutral Enterprise trading platform, which provides pre-certified connections to more than 300 global execution destinations, offering unprecedented control over order flow.
“Through our streamlined business model, institutional investors are able to trade a wide range of European equities and achieve low-cost, high-speed trade execution, as well as potential price improvement. We are pleased to provide access to our market through Portwares advanced Enterprise trading solution, and welcome Portware to our growing list of certified vendors,” says Hirander Misra, COO, Chi-X Europe.
“The European marketplace is changing rapidly. In order to achieve maximum trading efficiencies and ensure best execution, firms must be able to access all liquidity sources from a single, flexible trading platform. Portwares partnership with Chi-X Europe illustrates our commitment to providing unparalleled access to market destinations worldwide,” adds Stuart Adams, head of European Operations, Portware.