Trump brought the CHX deal up twice during the election campaign as an example of how jobs and wealth were leaving the United States. SEC staff initially approved the sale of the privately owned exchange in August, but within minutes of the announcement SEC commissioners, led by Chairman Jay Clayton, a Trump appointee, put the decision on hold for further review. If the deal had been approved it would have marked the first time Chinese investors had been direct owners of a US stock exchange, although not the first time a US exchange had foreign owners. SEC staff approved that plan in October, but the SEC commissioners also put that decision on hold and there is no deadline for a further ruling. CHX competes against the New York Stock Exchange and its three affiliated exchanges, all owned by Intercontinental Exchange Inc, and Nasdaq Inc and Cboe Global Markets, both of which own four US stock exchanges.

Source: bd News24 February 16, 2018 06:11 UTC