BATS Woos Chi-X With Valentine Union

European multilateral trading facility Chi-X Europe is expected to agree a sale to BATS Global Markets, operator of smaller rival MTF BATS Europe, by Feb. 11, sources say, after the venues confirmed they had entered “exclusive” talks on Dec. 22.

A deal would create the largest source of free market data for end-user firms in Europe, since neither market currently charges end-user data fees, and would also add weight to that data by creating a venue with larger market share overall, while also

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Nasdaq reshuffles tech divisions post-Adenza

Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.

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