Chi-X Europe Limited, operator of the largest pan-European equity multilateral trading facility (MTF), today announced that it has begun trading the following five component stocks of the Portuguese PSI 20 Index:
o EDP Renovaveis o Energias de Portugal o Galp Energia o Portugal Telecom o Zon Multimedia
Chi-X Europe will complete the rollout of the PSI 20 index constituents on Friday 3rd July 2009.
“Now in our third year of trading, we continue to introduce trading services for many of Europe’s most heavily-traded equities in the first, second and third tier indices and are pleased to extend coverage to these Portuguese names,” commented Mark Howarth, CEO of Chi-X Europe Limited, in a company release. “We remain committed to providing the European trading community with a low cost operating model designed to help our Trading Participants achieve ultra low execution, clearing and settlement costs.”
rades in these stocks will be cleared through European Multilateral Clearing Facility N.V. (EMCF) and settled at the domestic Central Securities Depository, Interbolsa, in line with Chi-X Europe’s practice of maintaining fungibility with trades on the incumbent exchanges.