Chi-X Europe keeps second place

Over €454bn (£403bn) worth of shares were traded on Chi-X Europe in the first-quarter of this year, according to company figures published yesterday. The exchange said its market share increased or remained steady across the major indices, ensuring it maintained its position as the second largest equity exchange in Europe. It added its clients saved around £47m through a series of price cuts during the quarter. Alasdair Haynes, chief executive of Chi-X Europe, said: “After a tremendous year of growth and profitability in 2010, this quarter has seen Chi-X Europe maintain its momentum.”