That’s not why this exchange is getting moved but nice hot take.
The exchange struggled with the transition to electronic trading 20+ years ago and never recovered. My firm stopped tracking volume from CHX over a decade ago because it’s essentially irrelevant.
The current owners, ICE, have been sitting on it since they purchased it and this is an easy way to open an exchange to rival the Texas Stock Exchange without applying for a brand new license.
The exchange struggled with the transition to electronic trading 20+ years ago and never recovered. My firm stopped tracking volume from CHX over a decade ago because it’s essentially irrelevant.
The current owners, ICE, have been sitting on it since they purchased it and this is an easy way to open an exchange to rival the Texas Stock Exchange without applying for a brand new license.