Cboe to buy 14.8% of Japannext in prop trading system tie-up
TOKYO -- U.S. exchange operator Cboe Global Markets said Friday it will acquire a 14.8% stake in financial services provider Japannext, looking to expand its footprint in Japan's proprietary trading sector.
Japannext parent SBI Holdings will buy Japannext shares from other stockholders and transfer them to Cboe.