What’s Behind China’s Purchase Of The Sagging Chicago Stock Exchange?

China’s purchase of the Chicago Stock Exchange (CHX) is being shrugged off in some Wall Street quarters, but those with a familiarity regarding China’s monitoring of the U.S. financial system, picking apart what works and what doesn’t, have different thoughts on the matter.

Highly connected Chinese firm purchases sagging Chicago Stock Exchange

Chongqing Casin Enterprise Group (“Casin Group”) is acquiring the Chicago Stock Exchange, with the CHX board of directors unanimously approving the move the exchange announced in a statement today. Minority owners of the sagging exchange, which accounts for just 0.5% of U.S. equity trade volume, include a who’s who in financial services such as Goldman Sachs, JPMorgan Chase,...