JPMorgan takes equity stake in Chi-X Global

JPMorgan takes equity stake in Chi-X Global

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.

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