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Abstract
Toronto-based alternative trading system Chi-X Canada plans to roll out an online service for market participants to access its historical trade and quote data within the coming months, using technology developed by Montreal-based historical tick data provider TickSmith Corp. Chi-X Canada CEO Dan Kessous says the ATS is rolling out the service in response to increased demand for its data as a result of Chi-X Canada gaining a higher share of Canadian trading volumes. Together, its Chi-X Canada and CR2 markets account for 22% of Canadian trading volume. While the ATS received ad-hoc requests for historical data in the past, Kessous says it pulled data together to meet these requests as needed, and did not have a normalized way to handle detailed historical requests.