JC Flowers & Co is to acquire Chi-X Australia, Chi-X Japan and Chi-Tech Hong Kong. Financial terms of the transaction, which is expected t close in Q1 2016, have not been disclosed.

Tal Cohen (pictured), CEO of Chi-X Global, says: “We are pleased to announce that JC Flowers & Co has agreed to acquire Chi-X Australia, Chi-X Japan and Chi-Tech. Over the past five years, Chi-X has established itself as an integral part of the financial markets in Asia Pacific through our commitment to competition and innovation.” 

“JC Flowers & Co has a deep appreciation for these markets and shares our vision of leveraging technology to develop innovative market-level solutions that enhance investor performance,” says Cohen. “We believe that Chi-X will continue to deliver greater choice and cost-effective solutions to investors and issuers as JC Flowers & Co. builds on the Chi-X brand.” 

“The Chi-X businesses have established themselves as successful and innovative alternatives to primary exchanges,” says Thierry Porte, Managing Director, JC Flowers & Co. “Their superior technology, service and trade execution performance will continue to drive positive change and improve markets where they operate. We hope to accelerate this growth through continued enhancements to the platform, including new investment products and markets, and by leveraging our strong relationships throughout the Asia Pacific region.”