Intercontinental Exchange to Buy Chicago Stock Exchange

Intercontinental Exchange, parent company of the New York Stock Exchange, agreed to buy the Chicago Stock Exchange. As part of the deal, ICE will acquire all outstanding capital stock of CHX Holdings Inc., the parent company of the Chicago exchange, in the transaction. The transaction was unanimously approved by CHX Holdings' board and is expected to close this year, subject to regulatory approvals. Terms of the transaction were not disclosed. The CHX will continue to operate as a registered national securities exchange based in Chicago and anticipates no disruptions, said joint news releases issued by CHX and ICE. As part of the deal, the Chicago Stock Exchange will have access to the new NYSE Pillar trading technology platform in ICE's Chicago data center.