The Long Weaving Road For The Chicago Stock Exchange Comes To An End, Chinese Investors Shunned

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The Long Weaving Road For The Chicago Stock Exchange Comes To An End, Chinese Investors Shunned
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The weaving path of the Chicago Stock Exchange and its quest to be a significant player in the US seems to have finally ended. The “minuscule” exchange had less than 1% of daily stock trading volume but big plans that involved Chinese investors, creating a high-frequency trading “speed bump” and working as a funding vehicle for Chinese companies looking to list in the US publicly.

The on-again, off-again deal for a group of Chinese investors to revitalize the Chicago Stock Exchange has effectively ended. The US Securities & Exchange Commission said it ran into transparency issues with the proposed Chinese owners and the ultimate beneficial ownership of the exchange.

After having received an approval recommendation from SEC staff, commissioners in August said they wanted to review the sale, echoing concerns raised in Congress.

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