China’s purchase of the Chicago Stock Exchange (CHX) is being shrugged off in some Wall Street quarters, but those with a familiarity regarding China’s monitoring of the U.S. financial system, picking apart what works and what doesn’t, have different thoughts on the matter. Highly connected Chinese firm purchases sagging Chicago Stock Exchange Chongqing Casin Enterprise Group (“Casin Group”) is acquiring the Chicago Stock Exchange, with the CHX board of directors unanimously approving the move the exchange announced in a statement today. Minority owners of the sagging exchange, which accounts for just 0.5% of U.S. equity trade volume, include a who’s who…
What’s Behind China’s Purchase Of The Sagging Chicago Stock Exchange?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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