Chi-X Canada says market share reached new record high
First Published 7th June 2012
Chi-X Canada, which said it expects dramatic changes in Canada's equity landscape in the coming months, achieved its second straight record month with market share of 10.35 percent.
Toronto - Chi-X Canada ATS Limited said it set a new record for market share in Canada with 10.35% in May, up from the previous record of 10.01 percent in April.
Chi-X market share has now risen in each month of this year, climbing from 8.37 percent in January.
"Chi-X Canada continues to drive competition and improve trading efficiencies through the introduction of innovative solutions and unique pricing," Chi-X Canada Chief Executive Dan Kessous. "In response, our participants have pushed our market share to firm-record levels, such as on May 30 when we traded 12.6% of the overall market volume of TSX-listed securities."
He continued: "Over the coming months, Canada's equity landscape could change dramatically, making the need for healthy competition even more acute. Chi-X Canada will continue to advocate for positive market structure change, which we believe provides unquestionable benefits to all market participants."
