BATS Chi-X Europe is introducing a new pricing model on its CXE Lit Order Book, the largest of the exchange’s four European order books.

The changes are in response to higher market volumes and are designed to bring more competitive pricing to more participants.
 
The pricing, which is effective retroactively from 1 April 2014, applies to UK, Irish, French, Dutch, Belgian, and Portuguese securities. Depositary receipts and ETFs within these listing markets are included. All other pricing remains the same.
 
Mark Hemsley, CEO of BATS Chi-X Europe, says: “Throughout our short history, BATS Chi-X Europe has driven exchange competition and challenged rival business models. We are always seeking to ensure that BATS Chi-X Europe is the best European exchange for the broadest range of participants and these pricing changes are the latest result of these efforts.
 
“By introducing pricing tiers, we give our customers the flexibility to benefit from the trend towards greater trading volumes across Europe. Our goal, as always, is to improve the quality of our markets and enhance the overall liquidity available to all trading participants.”