July 18, 2018
Financial Technology and Services
GCA advises the Chicago Stock Exchange on its acquisition by Intercontinental Exchange
GCA advised the Chicago Stock Exchange, which has entered into a definitive agreement to be acquired by Intercontinental Exchange, a leading operator of global exchanges and clearing houses.
The Chicago Stock Exchange Inc. (“CHX”) is a full-service national securities exchange with robust, high-performance technology. CHX offers cost-efficient trading in more than 8,300 listed securities.
Intercontinental Exchange Inc. (“ICE”) operates global exchanges and clearing houses and provides data and listing services. The parent company of the New York Stock Exchange, ICE raises more capital than any other exchange in the world.
“We are pleased to enter this agreement with the world’s leading exchange operator,” said John Kerin, CEO and President of CHX. “ICE is a proven innovator in the Exchange space and we are looking forward to joining its family of exchanges.”
Terms of the transaction were not disclosed.