M&A Deal Summary

Nasdaq Acquires Chi-X Canada ATS

On February 1, 2016, Nasdaq acquired information technology company Chi-X Canada ATS from Chi-X Global Holdings

Acquisition Highlights
  • This is Nasdaq’s 1st transaction in the Information Technology sector.
  • This is Nasdaq’s 1st transaction in Canada.
  • This is Nasdaq’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-02-01
Target Chi-X Canada ATS
Sector Information Technology
Buyer(s) Nasdaq
Sellers(s) Chi-X Global Holdings
Deal Type Divestiture

Target

Chi-X Canada ATS

Toronto, Ontario, Canada
Chi-X Canada is an operator of high-performance marketplaces for the trading of TSX and TSXV listed securities. Chi-X Canada's two platforms - Chi-X Canada and CX2 - offer market-agnostic smart routing, advanced order types, trade reporting, risk management tools, historical market data and cross connectivity services.

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Buyer(S) 1

Buyer

Nasdaq

New York, New York, United States
Category Company
Founded 1971
Sector Financial Services
Employees6,377
Revenue 741M USD (2023)
DESCRIPTION
Nasdaq OMX office in Stockholm.
Nasdaq OMX office in Stockholm.

Nasdaq is an exchange company. With over 3,900 listed companies, it delivers trading, exchange technology and public company services across six continents. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. Nasdaq was founded in 1971 and is based in New York City.

DEAL STATS #
Overall 16 of 30
Sector (Information Technology) 1 of 4
Type (Divestiture) 5 of 6
State (Ontario) 1 of 3
Country (Canada) 1 of 5
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Dorsey Wright & Associate inc.

Richmond, Virginia, United States

Technical investment research and money management service provider to brokers, wealth managers, and individual investors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 Marketwire

Toronto, Ontario, Canada

Marketwire (fka: CCNMatthews) is a provider of newswire services in Canada and the United States. Marketwire has one of the largest distribution platforms in North America with worldwide partnerships for news distribution.

Buy -

Seller(S) 1

SELLER

Chi-X Global Holdings

New York, New York, United States
Category Company
Founded 2007
Sector Information Technology
DESCRIPTION

Chi-X Global Holdings LLC is an operator of market centers in Australia, Canada and Japan. Chi-Tech™, the technology services unit of Chi-X Global, provides technology to its business lines and the Chi-FX™.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 2 of 2
Type (Divestiture) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-24 Cboe Tech Hong Kong

Hong Kong, China

CTHK is the technology services unit of Cboe Asia-Pacific, a Cboe Global Markets company. The CTHK team provides the trading technology platform and support services that keep the Cboe market centers at the forefront of the industry in security and stability. CTHK also provides technologies and support for Cboe Asia-Pacific’s strategic business alliances. Cboe Tech Hong Kong is based in Hong Kong, China.

Sell -
Mergr

Product

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