News
46 Congressmen Urge Officials To Block The Stock Exchange Sale
February 19, 2016
Lawmakers are calling for a national security investigation of the planned sale of the Chicago Stock Exchange to Chinese developer Casin Enterprise Group.
With no apparent skin in the securities game, the acquisition has raised questions about the developer's motives as well as possible ties to the Chinese government.
In a letter to the Committee on Foreign Investment in the US, 46 Congressmen urged national security officials to block the acquisition of the 134-year-old trading floor, Bloomberg reports.
Even though the stock exchange only handles 0.5% of all domestic trading, the deal would mark the first time a Chinese-owned firm gained direct access to the $21 trillion US equity marketplace, the letter said. [Bloomberg]
