Cboe Buys Chi-X Asia Pacific to Expand Into Japan, Australia (original) (raw)

Cboe Global Markets Inc. agreed to buy Chi-X Asia Pacific Holdings Ltd. from private equity firm J.C. Flowers & Co. LLC, expanding the exchange’s reach into Japan and Australia.

Cboe will use the acquisition to build its global equities business in the region and boost investor access to its offerings, including proprietary products. Chi-X Australia is the main competitor with ASX Ltd. in equity trading and exchange-traded funds. Chi-X Japan offers trading services for Japanese stocks.