CBOE Picks Up NSX To Widen Exchange Presence

Law360, New York (September 29, 2011, 6:08 PM EDT) -- The Chicago Board Options Exchange Holdings Inc. on Thursday announced plans to buy New Jersey-based National Stock Exchange, saying it planned to widen its presence in the securities exchange domain.

The deal is expected to go through later this year, pending approval from the U.S. Securities and Exchange Commission, though particulars of the sale were not disclosed.

NSX will continue to run as a separate exchange after its acquisition, but the exchanges would merge their data systems and business operations, CBOE says.

CBOE Stock Exchange LLC...
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