Possible Deal with Chi X8 Jun 2011 11:59
The trouble with this company is that in every RNS issued they promise a bright future tieups etc.. but nothing ever materialises in the way of deals. I have been here quite a while, others have been here much longer. Consequently stale holders bail out at any sign the MMs will actually take their shares because most times they wont.
I will hold because with all the positivity emulating from the RNSs I think deals must surely come ARCs way eventually, the trouble is I have been saying that for many months, I'm down about 40% at the moment.
I'm only holding 5m so I can live with it.
jamesmaggs - 7 Jun'11 - 15:39 - 25 of 32
Talk that they have another 3 contracts from recent presentations.DYOR
kennyruss - 7 Jun'11 - 16:02 - 26 of 32
recent presentations? - you have link or copy?
NY Boy - 7 Jun'11 - 16:22 - 27 of 32
Looks worth a small gamble down here, will have a look this week, busy adding to HER,TNO,SKR & JSJS at present. Will try and allocate £500ish for a purchase here.
Knowing - 7 Jun'11 - 16:33 - 28 of 32 edit
George/Kenny
Thats no problem as was buying NGG and OPM at their lows and they multi bagged. Sometimes you call it right and make a quick 50% but companies like this take time to deliver and when they do those whom have stock from this level will be rewarded for sure.
jamesmaggs - 7 Jun'11 - 16:39 - 29 of 32
In the news - The Actuarial Profession - 1:27pm
08:56am 20 April 2011. Chi-X Global is in advanced talks with Getco, Quantlab, Deutsche Bank and Bank of America Merrill Lynch to take a minority stake in
http://www.actuaries.org.uk/news/aggregator
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Chi-X Global in advanced stake sale talks
By Philip Stafford
Published: April 20 2011 08:56 | Last updated: April 20 2011 08:56
Chi-X Global is in advanced talks with four trading firms and banks to take a minority stake in the alternative share trading platform operator, three people familiar with the matter said.
The group is in talks with Getco, the Chicago-based proprietary trading firm, Quantlab Financial, a Houston-based rival, Deutsche Bank and Bank of America Merrill Lynch about taking a stake as part of a deal which values Chi-X Global at around $50m.
The talks come as Nomura, which owns Chi-X Global through its Instinet agency broking service, is assessing its equities trading business. Last week the Japanese investment bank merged the management of some of its key equities trading businesses with that of Instinet.
The move is also a sign that high speed traders and bank proprietary trading desks are increasingly looking to the Asian markets amid fierce competition and so