RESOLUTION
WHEREAS, On February 4, 2016, the Chicago Stock Exchange, Inc., a national securities exchange founded in 1882 with headquarters in the City of Chicago, and North America Casin Holdings, Inc., a Delaware corporation, entered into a definitive agreement whereby the Chicago Stock Exchange, Inc. would become a wholly-owned indirect subsidiary of Casin; and
WHEREAS, The closing of the transaction is subject to regulatory approvals by the Committee on Foreign Investment in the United States and the U.S. Securities and Exchange Commission, both of which are currently reviewing the transaction; and
WHEREAS, Upon the closing of the transaction, the Chicago Stock Exchange, Inc., through Casin, will be owned by a diverse group of private U.S. and Chinese investors that have no affiliations with governmental entities; and
WHEREAS, The Chicago Stock Exchange, Inc. is the only U.S. stock exchange located in the City of Chicago; and
WHEREAS, After the closing of the transaction, Casin intends on investing substantial funds and resources into the Chicago Stock Exchange, Inc. in order to permit it to more effectively compete for trading volume and corporate listings with the larger national securities exchanges located in New York City; and
WHEREAS, The Investments would result in the Chicago Stock Exchange, Inc. dramatically expanding its current infrastructure, which will create new jobs, as well as maintain current jobs, in the City of Chicago; and
WHEREAS, The successful execution of this plan will result in the the Chicago Stock Exchange, Inc. becoming a global leader for innovative and fair trading functionalities and the primary listing venue for domestic and international growth companies, and further the objective of the Jumpstart Our Business Startups Act signed into law by President Barack Obama in 2012; and
WHEREAS, The transaction will serve to further connect the City of Chicago with the global business community and enhance the reputation of the City o...
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