Mystery bidder makes Chi-X approach

first_img Mystery bidder makes Chi-X approach Show Comments ▼ A MYSTERY bidder has made an approach for London Stock Exchange (LSE) rival Chi-X, sending the market rumour-mill into overdrive.Chi-X released a statement admitting an enquiry has been received but would not be drawn on who the bidder was.Pan-European stock market BATS was touted as a potential suitor yesterday. The firm declined to comment but City A.M. understands it is not the source of the enquiry.Other likely suitors include Nasdaq and Deutsche Börse, both of whom are said to be eager to consolidate given tough market conditions.An industry source told City A.M.: “What the market will be looking out for is interest from other sources now someone has broken cover.“Volumes are anaemic and it is difficult for exchanges to make a profit. The LSE has already consolidated with its acquisition of Turquoise and could face competition issues if it bid for Chi-X. Nasdaq is a more likely rival bidder as it doesn’t have a presence in Europe at the moment.”Chi-X, which says it has made an operating profit for the last seven months, was set up in 2007 to rival the LSE. Tuesday 24 August 2010 7:56 pm whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo KCS-content Tags: NULL whatsapplast_img read more