Chi-X Canada ATS, an alternative trading system (ATS), has launched ‘ETF X Factor’ pricing program, which will apply to all Canadian ETFs available for trading on Chi-X Canada.
Reportedly, with the new promotional program, takers of ETF (exchange traded funds) liquidity on Chi-X Canada will notice their charge reduced to C$.0020 per share, while ETF liquidity providers will receive a rebate of C$.0025 per share. It has added that these new rates, will run from September 14, 2009 through October 16, 2009.
Beth Haines, manager of client relations for Chi-X Canada, said: “Our March pricing promotion was a huge success both for the Canadian trading community and Chi-X Canada, and we’re excited to build on that by passing along the benefits of trading Canadian exchange traded funds with the ‘ETF X Factor.”
In addition, Chi-X Canada also announced a new general pricing schedule, effective September 1, 2009. However, all fee changes subject to regulatory approval.
