Intercontinental Exchange has acquired Chicago Stock Exchange

Intercontinental Exchange has acquired Chicago Stock Exchange

Intercontinental Exchange said it has completed the acquisition of the Chicago Stock Exchange (CHX). Terms of the transaction were not disclosed.

ICE said in a statement that the financial impact of the acquisition is not material to ICE and will not impact capital return plans.

As previously announced CHX will continue to operate as a registered national securities exchange and will benefit from the planned deployment of the NYSE Pillar trading technology in ICE’s Chicago data center.

The Exchange said NYSE Pillar will also provide additional functionality for the institutional equity brokerage community in Chicago.