CBSX Completes Acquisition of NSX
Monday, January 9, 2012
On September 29, 2011, CBOE Stock Exchange (CBSX) announced it had entered into a definitive agreement to acquire the National Stock Exchange, Inc. (NSX). The transaction closed on December 30, 2011, making NSX a wholly-owned subsidiary of CBSX.
Both CBSX and NSX will continue to operate as independent exchanges, under a unified management group located in Chicago and Jersey City, NJ.
About the National Stock Exchange
The National Stock Exchange (NSX), headquartered in Jersey City, NJ, offers trading in all US exchange-listed equities on its NSX BLADE® trading platform. Originally founded as the Cincinnati Stock Exchange (CSX), NSX became the first all-electronic exchange in the U.S. in 1980. The NSX and its wholly-owned routing broker-dealer are regulated by the SEC and FINRA.
About CBOE Stock Exchange
The all-electronic CBOE Stock Exchange, LLC, (CBSX), created in 2007 by the Chicago Board Options Exchange (CBOE) and four market-maker partners, offers trading in more than 7,600 equities and exchange traded funds (ETFs) listed on U.S. securities markets. CBSX, which operates as a facility of CBOE, uses CBOE’s technology platform, CBOEdirect®. CBOE is the largest owner of CBSX (www.cbsx.com), with remaining ownership shared by a consortium of nine broker-dealers.