The group that UBS joins comprises BofA Merrill Lynch, GETCO LLC, Goldman Sachs, Morgan Stanley, and Quantlab Group LP. Instinet Incorporated, a Nomura Group company, remains the largest equity holder through a subsidiary company.
âWe are pleased to welcome UBS to our group of world class, distinguished equity partners.â said Tal Cohen, CEO of Chi-X Global, âAs we continue to expand our global presence through new product offerings and strategic growth opportunities, we look forward to working closely with our investors and market participants globally.â
"UBS has a long-standing commitment to promote the benefits of competition, innovation, investor choice and market efficiency â which ultimately leads to greater liquidity and lower trading costs for our
clients.â said Mike Stewart, Head of Global Equities at UBS, âGiven our reach and position in the equity markets across the globe, it made sense to become an active participant in Chi-X Globalâs model. We look forward to working with their management team in the months and years ahead."
Financial terms of the transaction were not disclosed.