Chi-X Europe, the pan-European multilateral trading facility (MTF) owned by agency brokerage Instinet, has revealed its timeline for migrating to the uniform stock symbology agreed on by a group of European trading platforms.
Trading participants and data vendors will be able to engage in order entry and market data testing for the new stock codes on Chi-X from today, and full adoption of the symbology is scheduled for 11 May. From this date, the new codes will run in parallel with the current symbology, before a full switchover on 30 October 2009.
Meanwhile, broker-backed MTF Turquoise has delayed its migration to uniform stock codes from the end of this month until June.
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