Intercontinental Exchange (ICE) announced today that it will acquire the Chicago Stock Exchange (CHX), a full-service stock exchange. The transaction is subject to regulatory approvals and is expected to close in the second quarter of 2018.
Intercontinental Exchange is a Leadership 1000 company that was formed in the year 2000 with the intention to modernize markets. ICE, the parent company of the New York Stock Exchange (NYSE), serves customers by operating exchanges, clearing houses and information services they depend upon to invest, trade, and manage risk.
If the transaction is approved, CHX will benefit from the planned deployment of the NYSE Pillar trading technology in ICE’s Chicago data center.