Intercontinental Exchange (ICE) is to acquire the Chicago Stock Exchange (CHX), a full-service stock exchange, including trading, data and corporate listings services.
Financial terms of the transaction, which is expected to close in Q2 2018, subject to regulatory approval, have not been disclosed. The financial impact will not be material to ICE or impact capital return plans.
Subject to Securities and Exchange Commission (SEC) approval, CHX will continue to operate as a registered national securities exchange and will benefit from the planned deployment of the NYSE Pillar trading technology in ICE’s Chicago data centre. NYSE Pillar will also provide additional functionality for the institutional equity brokerage community in Chicago.
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