JPMorgan Takes Chi-X Stake
Financial terms of the deal were not disclosed, but JPMorgan's move now makes it the eighth owner firm of Chi-X Global. Others include Bank of America Merrill Lynch, KCG Holdings, Goldman Sachs, Morgan Stanley, Quantlab and UBS, with Nomura's Instinet remaining a majority shareholder.
"On behalf of the Chi-X Global Board, I would like to welcome JPMorgan to the investor group," says Fumiki Kondo, chairman at Chi-X Global. "The addition of JPMorgan is an important milestone for Chi-X and is representative of the support that we continue to receive from trading communities around the globe."
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