The U.K. Competition Commission has approved the acquisition of Chi-X Europe, the largest pan-European trading venue, by Bats Global Markets, an operator of stock and options markets in the U.S. and Europe.
U.S. operator of equities and options platforms Bats Global Markets is set to spend nearly $9.3 million in costs if its postponed bid to acquire pan-European exchange Chi-X Europe is accepted.
U.S. exchange Bats Global Markets has received provisional clearance from the U.K. Competition Commission for its proposed $305 million acquisition of pan-European trading platform Chi-X Europe.
