26 May 2017
Book a meeting today

Bats, Nasdaq OMX and Nyse Euronext in running for Chi-X Europe - FT

13 December 2010  |  6992 views  |  0 Buy Road sign

Bats, Nasdaq OMX and Nyse Euronext have all made offers for multilateral trading facility Chi-X Europe ahead of the deadline for a second round of bidding, according to press reports.

Chi-X Europe was launched in 2007 by Japan's Nomura through inter-agency broker Instinet, to take on traditional exchanges such as the LSE and Deutsche Börse in the wake of MiFID.

Instinet now has a 34% stake, with a group of 12 banks and trading firms - including Citi, Goldman Sachs, UBS and Citadel - holding the rest of the shares.

Since launch, the MTF has used faster trading technology and lower fees to attract market share from incumbents - it now attracts around a quarter of trading in FTSE 100 shares - and moved into profit this year.

In August the platform confirmed that it had received a bid enquiry, which was widely believed to have come from Bats, leading to it inviting approaches from others.

According to the Financial Times, Bats, Nasdaq OMX and Nyse Euronext have now made fresh bids, with a price of up to £300 million mooted.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nyse Technologies to develop EU consolidated tape

Nyse Technologies to develop EU consolidated tape

22 November 2010  |  11054 views  |  3 comments
Chi-X Europe receives bid approach; Bats Trading in the frame

Chi-X Europe receives bid approach; Bats Trading in the frame

24 August 2010  |  9055 views  |  0 comments
Chi-X Europe reshuffles board as Mackay moves aside

Chi-X Europe reshuffles board as Mackay moves aside

25 May 2010  |  7532 views  |  0 comments
Nyse Euronext opens European liquidity data centre

Nyse Euronext opens European liquidity data centre

05 May 2010  |  7895 views  |  0 comments
Misra quits as Chi-X COO

Misra quits as Chi-X COO

23 February 2010  |  8763 views  |  1 comments
LSE reports revenue dip as Chi-X moves to number two spot in Europe

LSE reports revenue dip as Chi-X moves to number two spot in Europe

21 January 2010  |  7402 views  |  0 comments
Chi-X Europe dark pool launches

Chi-X Europe dark pool launches

26 May 2009  |  8556 views  |  0 comments
Nasdaq OMX Europe plans dark pool

Nasdaq OMX Europe plans dark pool

17 March 2009  |  5159 views  |  0 comments
Bats Europe launches

Bats Europe launches

31 October 2008  |  9045 views  |  0 comments
Chi-X Europe moves into profit

Chi-X Europe moves into profit

16 October 2008  |  11297 views  |  0 comments
Instinet rolls out MiFID-ready Chi-X platform; seeks equity partners

Instinet rolls out MiFID-ready Chi-X platform; seeks equity partners

16 April 2007  |  13418 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.events.sap.comvisit dh.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
10881 views comments | 47 tweets | 70 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
9320 views comments | 21 tweets | 24 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7051 views comments | 12 tweets | 24 linkedin
Security experts struggle in search for WannaCry clues - ReutersSecurity experts struggle in search for Wa...
6382 views comments | 3 tweets | 3 linkedin
hands typing furiouslyPSD2 is fast approaching. Don’t bury your...
6184 views 1 | 5 tweets | 5 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job