Post Trade Model

Chi-X Post Trade model
  • Every Trading Participant requires a Clearing Participant (GCM equivalent) to guarantee trades / credit risk.
  • Every Clearing Participant is required to execute a Clearing Service Agreement with a CCP per market.
  • Every Clearing Participant requires a Settlement Agent at the domestic CSD.
  • The Chi-X Europe market model is designed so that Participants can trade, clear and settle European stocks with minimum disruption and full fungibility in the domestic CSD.