US exchange operator Nasdaq could be heading north through the $100 million acquisition of Chi-X Canada, according to Bloomberg.
A deal that would see Nasdaq begin competing with the Toronto Stock Exchange could be finalised within two weeks, says Bloomberg, citing sources.
Majority-owned by Nomura and counting JPMorgan, Bank of America, UBS and Goldman Sachs as investors, Chi-X Global also operates trading platforms in Australia and Japan.
The firm began looking into a sale earlier this year after its owners received an unsolicited offer for the business, says Bloomberg.