Hi everyone
Has anyone heard about CHI-FX? Is it ECN?
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It is a branch of CHI-X Global, biggest ECN system in Europe, it has got a larger volume than LSE. So, prime activity is stocks, FX is said to be developed.
Its not for FX spot trading really. CHI-X is for trading stocks - and on CHI-FX you can trade foreign stocks in your local currency. For example, if you have an EUR account and want to trade MSFT, Chi-FX can give you a quote for MSFT stock in EUR instead of USD. If you decide to trade, they will execute the first leg in the stock, and automatically the 2nd leg for the corresponding FX trade in eur/usd, so that the investor doenst incur FX risk. Just read their website..
Its not for FX spot trading really. CHI-X is for trading stocks - and on CHI-FX you can trade foreign stocks in your local currency. For example, if you have an EUR account and want to trade MSFT, Chi-FX can give you a quote for MSFT stock in EUR instead of USD. If you decide to trade, they will execute the first leg in the stock, and automatically the 2nd leg for the corresponding FX trade in eur/usd, so that the investor doenst incur FX risk. Just read their website..
