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BBR Staff Writer[1] Published 06 April 2018

Global exchanges operator Intercontinental Exchange (ICE) has signed an agreement to acquire Chicago Stock Exchange (CHX) for an undisclosed sum.

ICE, which is a parent company of the New York Stock Exchange (NYSE), manages exchanges and clearing houses, as well as provides information services.

CHX is a full-service stock exchange that provides trading, data and corporate listings services.

CHX will continue to operate as a registered national securities exchange, subject to Securities and Exchange commission (SEC) approval.

It will also offer additional functionality for the institutional equity brokerage community in Chicago.

CHX is an integral part of the National Market System, and competes with all U.S. equity markets. The exchange helps to transact business in virtually all equity securities traded on NYSE, AMEX, NASDAQ, or other national securities exchange.

CHX is a suitable for hedge funds, options market markers, quantitative traders, professional traders, and active individual traders, which need require immediate and automated execution.

In addition, CHX will meet the needs of traditional broker-dealer clients and the individual investors.

CHX's products include CHX liquidity enhancing access delay (LEAD), CHX Share Advantage, CHX Snap Auction Advantage and CHXBD.

CHX's LEAD secured approval from the Securities and Exchange Commission (SEC) in October 2017.

CHX is claimed to be the only national securities exchange that helps to share a portion of both its quote revenue and trade revenue with CHX participants.

A Sap Auction is an on-demand auction that occurs during the regular trading session, while CHXBD is a broker-dealer registered with the Securities Exchange Commission and is a member of the Financial Industry Regulatory Authority the Securities Investor Protection Corporation and CHX.

Subject to regulatory approvals, the deal is expected to complete in the second quarter of

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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