Launched this year, Chi-X® offers market participants a competitive alternative to trading on traditional stock exchanges. By connecting to Chi-X®, SEB will offer its clients access to the platform's growing list of pan-European equities.
"New trading venues are changing the landscape of equity trading in
Europe", says Magnus Carlsson, Executive Vice President and Head of Merchant Banking. "SEB is the leading equity brokerage in the Nordic region and our clients are increasingly looking to the European market. By adding Chi-X®
to our forthcoming smart order-routing capability we are underlining our commitment to best execution for our clients."
Offering connectivity to Chi-X® reinforces SEB's strategy of offering fast and efficient electronic trading solutions and complements the Bank's current offering of 38 equity and derivatives exchanges in Europe and the US.
SEB is currently in the process of deploying the third generation of its electronic equities trading platform, SEB Trading Station(TM). The new generation of Trading Station(TM) offers further improved performance and functionality, which will be extended to include algorithmic trading and smart order-routing. SEB will offer client access to Chi-X® from mid-November.
SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private customers. SEB has a local presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and Russia, and a global presence through its international network in another ten countries.
On 30 June 2007, the Group's total assets amounted to SEK 2,188bn while its assets under management totalled SEK 1,403bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com.
For further information, please contact:
Torbjörn Ericsson, responsible for SEB MiFID programme, +46-8-763 99 04, firstname.lastname@example.org