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from the At-least-the-TLA-wouldn't-have-changed dept.
US rejects China-led bid for Chicago Stock Exchange
The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group. The decision comes after more than two years of reviews by officials.
The tie-up was initially approved by the Committee on Foreign Investment in the United States, pending further approval by the Securities and Exchange Commission (SEC). But US politicians, including President Trump, have said letting a Chinese firm invest in a US exchange was a bad idea.
Under the proposal, the Chinese-led North America Casin Holdings group would have bought CHX Holdings, which owns the Chicago Stock Exchange. The exchange, which handles just 0.5% of US stock trades, had said the deal would have provided the exchange with "vital capital". That funding would have been used "to boost numerous initiatives designed to benefit the city of Chicago, the US economy and market structure as a whole".
Also at Bloomberg, NYT, Reuters, and CNN.
(Score: 2) by frojack on Saturday February 17 2018, @11:50PM
In this case, that question doesn't even make sense, because the CHX does not provide investment capital to Chicago.
You do not go to the stock exchange to give money to Obama or his cronies.
You might go there to buy some stock in these companies: https://www.chx.com/listing-program/listed-securities/ [chx.com]
However, chances are everything on that list is also handled on the NYSE, NASDAQ or FTSE.
And nothing but your trade fee would stay in Chicago.
The value of the CHX is as another point of entry into world trading markets. The more of these you have access to the easier it is to mask your movements, doing one thing on one exchange and another thing on a different exchange hoping to avoid detection or at lease obscure your intent.
No, you are mistaken. I've always had this sig.