What exactly is BATS Chi-X Europe?
Yes, it would be incorrect to refer to BATS Chi-X Europe as a market maker. Market makers make markets on BATS Chi-X Europe, which is a stock exchange.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
What exactly is BATS Chi-X Europe?

### Response:
Yes, it would be incorrect to refer to BATS Chi-X Europe as a market maker. Market makers make markets on BATS Chi-X Europe, which is a stock exchange.