The Chicago Stock Exchange announced that it is being sold to Chongqing Casin Enterprise Group, a Chinese Investment group for a little under $100 million dollars.
The Chicago Stock Exchange is a relatively small exchange with 0.50 % of thei US stocks traded there but it could get bigger if the Chicago Exchange were to give better prices on stocks being traded.
The Chicago Stock Exchange -- a subsidiary of CHX Holdings Inc. -- is minority-owned by a group including E*Trade Financial Corp., Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co.
Casin Enterprise Group is a privately held holding company, based in Chongqing, China, with investments in real estate, environmental protection and financial firms. The company also invests in urban infrastructure and land market development.
Casin Group has 821 employees with operations across China and abroad, including Beijing, Hong Kong, Sydney and other locations.
The sale of the exchange would be a simple name change from Chicago to China and would reguire only removing and replacin 4 letters (CAGO) with (NA).
This purchase of the Chicago Stock Exchange could bring to Chicago Chinese and other foreign Investors.
I say 欢迎 to Chicago and if you are looking to buy a luxury home in Chicago I look forward to the opportunity to work with you.
Who know's the song "Chicago My Kind of Town "may be changed next ...