- Category: Economic
- Published Friday, February 5, 2016
- CTV News
NEW YORK -- The Chicago Stock Exchange, founded more than a century ago, is being acquired by an investor group led by a Chinese company.
The exchange did not say what the purchase price was. The deal is expected to close in the second half of the year and needs to be approved by the U.S. Securities and Exchange Commission.
The buyers are led by Chongqing Casin Enterprise Group, an investment holding group based in Chongqing, China.
The Chicago Stock Exchange was founded in 1882.