Chi-X Europe has begun operations of Chi-Vision, its smart liquidity consolidation service. It is available immediately for technical connectivity and with pilot operation later in August.

Chi-Vision, which stands for venue interfaced smart interactive order network, provides another way to access the Chi-X visible book, Chi-Delta and a range of external liquidity providers from clients' connections to Chi-X Europe.

All orders executed through Chi-Vision are charged at 0.3 basis points.

All trades executed through Chi-Vision are novated to EMCF as central counterparty. User choice of central counterparty is planned for the end of the third quarter 2009.