JPMorgan takes equity stake in Chi-X Global
08 January 2014 | 3659 views | 0
JPMorgan has acquired an equity stake in exchange group Chi-X Global.
The US bank becomes the eighth member of Chi-X Global's ownership consortium, alongside existing investors BofA Merrill Lynch, Goldman Sachs, KCG Holdings, Morgan Stanley, Quantlab, and UBS.
Instinet, the Nomura subsidiary that founded Chi-X Global in 2008, remains the majority equity holder.
Fumiki Kondo, chairman of Chi-X Global, says: "The addition of JPMorgan is an important milestone for Chi-X and is representative of the support that we continue to receive from trading communities around the globe."
Financial terms of the transaction were not disclosed.