Nasdaq Completes Acquisition of Chi-X Canada
February 01 2016 - 9:50AM
Nasdaq (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.
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.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,700 listed companies
with a market value of approximately $9.6 trillion and nearly
10,000 corporate clients. To learn more, visit: nasdaq.com/ambition
or business.nasdaq.com.
Cautionary Note Regarding Forward-Looking
Statements
The matters described herein contain forward-looking statements
that are made under the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements about Nasdaq and its products
and offerings. We caution that these statements are not guarantees
of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties
or other factors beyond Nasdaq's control. These factors include,
but are not limited to factors detailed in Nasdaq's annual report
on Form 10-K, and periodic reports filed with the U.S. Securities
and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
NDAQG
Contact:
Joe Christinat
Nasdaq
646-441-5121
Joseph.Christinat@nasdaq.com
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