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Friday, February 05, 2016

Chicago Stock Exchange Says It's Being Sold to Chinese-Led Group

http://www.bloomberg.com/news/articles/2016-02-05/chicago-stock-exchange-says-it-s-selling-to-chinese-led-group

We’re a good fit. Our strategy is something they like and is consistent with theirs,” Chicago Stock Exchange Chief Executive Officer John Kerin said in a phone interview. “We provide technology and we’re a standalone, full-service exchange that they can grow in a manner that suits their needs.”
The Chicago Stock Exchange -- a subsidiary of CHX Holdings Inc. -- is minority-owned by a group including E*Trade Financial Corp., Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to the company. The minority shareholders are also selling their stake, Kerin said.

1 comment:

  1. The "Rat's" are fleeing with the cash, as they sell the sinking ship!

    ReplyDelete