Instinet Adds Chi-X Europe Equity Participants

1  from  Automated Trader Magazine

January 10th 2008 – Instinet Europe Limited has announced that it had reached an agreement with a consortium of shareholders that will take a minority holding in Chi-X Europe Limited, operator of the first live, order-driven, pan-European equity MTF.

Under the terms of the agreement, Instinet Europe Limited retains the majority stake in Chi-X Europe Limited.

The consortium is comprised of the following firms (listed in alphabetical order):

* BNP Paribas

* Citadel

* Citi

* Credit Suisse

* Fortis

* Getco Europe, Ltd.

* Goldman Sachs

* Lehman Brothers

* Merrill Lynch

* Morgan Stanley

* Optiver

* Société Générale

* UBS

Commenting on the equity participation, Tony Mackay, President and Managing Director of Instinet Europe Limited, said, “We are grateful for the commitment of our new partners to the continued growth of Chi-X Europe. That these firms are willing to take an equity stake in Chi-X Europe is a testament to our common vision of a more efficient European equity market resulting from cheaper, faster and smarter trading.”

Chi-X Europe currently offers trading in stocks in the leading Dutch, German, UK, French and Swiss equity indices and will continue to expand the universe of eligible stocks in 2008.