BATS Global Markets will acquire European alternative trading system, Chi-X Europe, Mondovisione reports. As per the deal, Chi-X Europe and the U.S.-based exchange operator will combine to form BATS Chi-X Europe. The transaction, whose financial terms were not disclosed, is expected to be completed in the second quarter of this year. Broadhaven Capital Partners, through Beech Hill Securities, acted as financial adviser to BATS Global Markets, while Lexicon Partners acted as financial adviser to Chi-X Europe.
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