Chi-X Japan Launches Chi-Match VWAP Cross Algo

The Asian equity markets continue their progression towards electronification as a new algo is debuting at Chi-X Japan.

Chi-X Japan Limited, a wholly owned subsidiary of market operator Chi-X Global Holdings LLC, has successfully launched the Chi-Match VWAP Cross (Volume Weighted Average Price) algorithm. Chi-Match VWAP Cross offers participants a broker- neutral cross all throughout the trading session.

“In Japan, we have seen a lot of demand for a broker-neutral VWAP Cross,” said one Asian broker. “We are delighted with Chi-Match’s recent launch and are confident that the trading community will benefit from another source of liquidity.”

The algo can be used via a brokers existing connectivity.