J.P. Morgan Joins Chi-X Global Ownership Consortium
Chi-X Global Holdings LLC today announced that J.P. Morgan has acquired an equity stake in the firm.
J.P. Morgan becomes the eighth member of Chi-X Global’s ownership consortium. It joins owners BofA Merrill Lynch, Goldman Sachs, KCG Holdings Inc., Morgan Stanley, Quantlab Group L.P. and UBS AG. Instinet Incorporated, the Nomura Group member that founded Chi-X Global in 2008, remains the majority equity holder through an affiliate.
Fumiki Kondo, Chairman of Chi-X Global, said: “On behalf of the Chi-X Global Board, I would like to welcome J.P. Morgan to the investor group. The addition of J.P. Morgan is an important milestone for Chi-X and is representative of the support that we continue to receive from trading communities around the globe.”
Tal Cohen, CEO of Chi-X Global, added: “J.P. Morgan joins our ownership consortium at an exciting time, as each of our markets continues to enhance its performance. We remain committed to working with the industry to foster healthy and vibrant equity markets that benefit all investors.”
Financial terms of the transaction were not disclosed.