Chinese investment group to buy Chicago Stock Exchange

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Chinese investment group to buy Chicago Stock Exchange

11-02-2016 14:04

Chinese investment group to buy Chicago Stock Exchange

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Chinese investment group to buy Chicago Stock Exchange

For the first time ever, a large Chinese investment firm purchases a US stock exchange. The Chicago Stock Exchange will be acquired by Chongqing Casin Enterprise Group, the Chinese-led group of investors. The board of directors of the Chicago Stock Exchange approved the acquisition. The deal is expected to close in the second half of the year. According to CEO and President of the Chicago Stock Exchange John Kerin, this acquisition is the best outcome for clients, shareholders and the trading community as a whole. Nowadays, the stock exchange accounts for 0.46 percent of total US stock trading.

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