Wednesday September 18 2013
News Source: Global Exchanges
Focus: Foreign Investment
Type: General
Country: Canada
Link: http://www.chi-x.com/Portals/0/Chi-X_Canada_Introduces_Retail_Market_Data_Program.pdf.pdf
Chi-X, an operator of two trading venues in Canada, has contracted with consulting firm NuPont Canada Ltd. To assist in its efforts to introduce a new market data offering aimed at retail investors. Since its launch in February 2008, Chi-X Canada has worked closely with the trading community to find novel ways to lower the overall cost of trading through the introduction of innovative pricing, advanced order types and smart routing services.
Using input from NuPont and feedback from retail clients, Chi-X Canada has introduced a lower real-time market data fee for retail investors. Chi-X Canada’s new Retail Professional fee category is designed to lower market data costs and to encourage greater market participation for retail investors and investment advisors who are currently grouped under the Professional fee category.
Click on the above link for more details.