Chi-X Europe’s shareholders, including Instinet with a 35% stake, are mulling on selling their platform to new buyers, Financial Times reports. The move by the shareholders may risk a merger between Chi-X and BATS Global Markets and comes after a referral of Chi-X’s takeover to U.K. antitrust authorities.
In June 2011, the U.K. Office of Fair Trading referred the deal to the Competition Commission in a move that escalated regulatory scrutiny of the planned merger. Chi-X Europe and BATS Europe, if combined, will account for 35% of trading in FTSE 100 stocks.
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