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Nasdaq to buy Canadian business of Chi-X Global Holdings

Staff writer |
Nasdaq said it would acquire the Canadian unit of alternative equities trading platform Chi-X Global Holdings.

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The deal is giving Nasdaq direct access to the Canadian equities market.

Nasdaq said the purchase of Chi-X Canada would be accretive to its earnings, excluding transaction-related costs, and deliver attractive returns on capital. The deal is expected to close in the first quarter of 2016.

Financial terms were not disclosed. Dan Kessous, Chi-X Canada CEO, would continue to lead the Canadian equities trading business and the Chi-X Canada team would join Nasdaq.

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