CHI-X EUROPE BEGINS TRADING OF TOP STOCKS FROM BELGIUM INDEX

Posted July 9, 2008

LONDON – Chi-X Europe Ltd. has begun trading, clearing and settling five of the top component stocks of the Belgium BEL 20 index, and plans to introduce the rest of the index’s component stocks later in July.

The five top stocks from the index now trading on Chi-X Europe are Dehaize, Inbev, KBC Groep, Solvay and Umicore.

“Since launching some 15 months ago, we have introduced trading services for many of Europe’s most heavily-traded equities and are pleased to extend coverage to these Belgian names,” says Peter Randall, Chief Executive Officer of Chi-X Europe Ltd. “Chi-X Europe participants continue to enjoy price improvement and lower trading costs, and we remain committed to providing the European trading community with the benefits of our faster, cheaper and smarter model.”

Trades in the index stocks will be cleared by the Fortis European Multilateral Clearing Facility (EMCF) and settled in the Euroclear Central Securities Depositories, and will be fully fungible with trades in these stocks transacted on the primary market.

According to Chi-X Europe, its addition of trading services for the BEL 20 stocks will reduce costs for trading, clearing and settlement of these stocks. Execution costs for trades on Chi-X Europe are 0.05 basis points, compared to 1.09 basis points for trades transacted on underlying exchanges, according to an analysis by Instinet Europe Ltd., the majority shareholder of Chi-X Europe.