Nasdaq completes acquisition of Chi-X Canada
Nasdaq (NDAQ) today announced the completion of its acquisition of Chi-X Canada, an Alternative Trading System for Toronto Stock Exchange (TSX) and TSX Venture listed securities, from Chi-X Global.
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Nasdaq announced its intent to acquire Chi-X Canada on December 8, 2015. The deal expands Nasdaq’s equities trading business beyond the Nordics and the U.S., and enhances the trading experience for customers by promoting greater uniformity in technology and functionality across these trading venues.
Nasdaq expects the acquisition to be immediately accretive to the company's earnings, excluding transaction-related costs and to have no material impact on Nasdaq's financial leverage or capital return strategy.