ICE agrees to acquire Chicago Stock Exchange
06 April 2018 Chicago
Image: Shutterstock
Intercontinental Exchange (ICE) has entered into an agreement to acquire the Chicago Stock Exchange (CHX).
ICE will acquire CHX’s trading, data and corporate listings services.
The transaction is expected to close in Q2 2018, subject to regulatory approvals.
Subject to the Securities and Exchange Commission’s approval, CHX will continue to operate as a registered national securities exchange and will, according to ICE, benefit from the planned deployment of the New York Stock Exchange’s platform Pillar.
NYSE Pillar is a trading technology platform used in ICE’s Chicago data center.
It will also provide additional functionality for the institutional equity brokerage community in Chicago.
ICE will acquire CHX’s trading, data and corporate listings services.
The transaction is expected to close in Q2 2018, subject to regulatory approvals.
Subject to the Securities and Exchange Commission’s approval, CHX will continue to operate as a registered national securities exchange and will, according to ICE, benefit from the planned deployment of the New York Stock Exchange’s platform Pillar.
NYSE Pillar is a trading technology platform used in ICE’s Chicago data center.
It will also provide additional functionality for the institutional equity brokerage community in Chicago.
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