NEW YORK (Reuters) - Stock market operator Chi-X Global Holdings, owned by Nomura Holdings and other banks, is exploring a sale that could fetch as much as US$400 million, a person familiar with the matter said.
Chi-X is working with investment bank Moelis & Co to find potential suitors, according to the person.
The company, created by Nomura's brokerage unit Instinet, operates stock markets in Australia, Canada and Japan.
JPMorgan Chase & Co, Bank of America, UBS, and Goldman Sachs are some of the other investors, according to a company statement.
Chi-X was not immediately available to comment, while Moelis declined to comment.