Cboe Global Markets Inc said on Thursday it was expanding into Asia by acquiring share trading platforms in Australia and Japan to broaden its footprint in the increasingly competitive sector of financial market data.
Cboe said the acquisition of Chi-X Asia Pacific Holdings, combined with a recent takeover of U.S. and European block trader BIDS, would make it possible to offer a global service to big investors who want to buy and sell large chunks of shares.Chicago-based Cboe, long established in North America and Europe, is buying Chi-X Asia Pacific, which had net revenue of US$26 million in the year to December, from investment firm J.C.
Last year, ASX had a major outage that underscored the need for more competition in the market and triggered a review by the regulators. Howson, who will become Cboe president for Europe and Asia Pacific, said the deal would broaden its data footprint beyond North American and Europe, enabling it to create more products for global customers.
Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles