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Stock market operator Chi-X exploring sale: source
[BENGALURU] Stock market operator Chi-X Global Holdings, owned by Nomura Holdings Inc and other banks, is exploring a sale that could fetch as much as US$400 million, a person familiar with the matter said.
Chi-X is working with investment bank Moelis & Co to find potential suitors, according to the person.
The company, created by Nomura's brokerage unit Instinet, operates stock markets in Australia, Canada and Japan.
JPMorgan Chase & Co, Bank of America Corp, UBS Group AG, and Goldman Sachs Group Inc are some of the other investors, according to a company statement.
Chi-X was not immediately available to comment, while Moelis declined to comment.