Cboe Global Markets Finalizes Acquisition of Chi-X Asia Pacific

Cboe Global Markets, a cutting-edge trading and investment solutions provider, announced that it has completed the acquisition of Chi-X Asia Pacific, one of the most successful alternative market operators in Asia Pacific. Terms of the deal were not disclosed.

With the new acquistion, Cboe gains entrance into two of the world's largest securities markets – Japan and Australia – to establish a significant presence in the Asia Pacific region for the first time.

Through Chi-X Asia Pacific, Cboe now has the opportunity to bring new trading solutions and services to Asia Pacific, including extending the industry-leading block trading capabilities of BIDS Trading to the region. BIDS, acquired by Cboe in January 2021​, operates the largest block trading ATS by volume in the U.S., and one of the largest block trading platforms in Europe. With BIDS' current network covering U.S., Europe and expanding into Canada, the addition of Asia Pacific is expected to create a global block trading platform to serve an even broader base of customers.

Cboe plans to fully integrate Chi-X Asia Pacific into its existing global business operations and technology platforms, beginning with the integration of Chi-X Asia Pacific and BIDS. Chi-X Australia and Chi-X Japan are planned to migrate to Cboe's state-of-the-art trading platform thereafter. Providing one, unified technology platform will help provide market participants greater access to Cboe's diverse product set and more efficiency, resiliency and functionality when trading across Cboe's markets.

Chi-X Asia Pacific positions Cboe to expand its global equities business into Asia Pacific and build an unparalleled, high value global market data business that is expected to offer data from major markets around the world, including the U.S., Canada, Australia, Japan and 18 European countries.