09:31 AM
Chi-X Canada Enhances SmartRouter
Chi-X Canada has enhanced its SmartRouter to provide access to Alpha Trading Systems and the Match Now dark pool.
In a statement, Tal Cohen, CEO of Chi-X Canada, said, “Our proven, proprietary smart-order routing technology is a significant differentiator for Chi-X Canada, and the addition of MATCH Now and Alpha is yet another example of our desire to obtain best execution on behalf of our customers.”
He added, “We also believe that offering this on a service bureau basis, which allows users to maintain their identity and relationships when routing to other market centers, will be viewed by the community as an attractive and neutral solution.”
Chi-X Canada’s SmartRouter routes orders to displayed market centers with the best price and also lets users post limit orders in other markets and source non-displayed liquidity on dark pools.