Chi-X moves up European equities market rankings

CHI-X Europe became the third-largest European equities market by value traded in January, leading exchanges such as Deutsche Boerse for the first time.

Trading levels for European equities on the electronic order book of the London-based platform, known as a multilateral trading facility, were valued at €109bn (£96bn) during January, according to figures released yesterday by the Federation of European Securities Exchanges.

This compared with levels of €161bn for the London Stock Exchange Group, €118bn for NYSE Euronext, and €102bn for Deutsche Boerse – underlying the increasing challenge the upstart platform presents to Europe’s main exchanges.

In December last year, Chi-X’s €74bn of trades made it the fifth largest venue by value behind the LSE Group (€122bn), NYSE Euronext (€101bn), the Spanish exchanges (€83bn) and Deutsche Boerse (€77bn).