Chi-X Global Holdings Receives Equity Investment
Chi-X Global Holdings, a global operator of technologically advanced alternative market centers and a provider of innovative market level trading solutions, has received a minority investment of undisclosed amount.
Backers include BofA Merrill Lynch, GETCO, Goldman Sachs, Morgan Stanley and Quantlab Group.
Following the deal, Instinet, which is owned by Nomura Group, will remain the largest shareholder in the company.
Led by CEO Tal Cohen, Chi-X Global is the holding company for Chi-X Canada, Chi-X Japan and Chi-X Australia, which is expected to launch on October, 31. It also jointly operates Chi-East, an independent, non-displayed liquidity pool in
Singapore, through a 50:50 joint venture with a subsidiary of the Singapore Exchange, and has developed the
Chi-FX product in a venture with BM&FBOVESPA, which is scheduled for commercial launch in Brazil early next year.