Nasdaq to buy Canadian business of Chi-X Global Holdings
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. ■