CBOE buys Bats for $3.2bn
The firm is expected to incorporate the functionality of both platforms and migrate its trading to Bats' proprietary system
CBOE Holdings has agreed to buy Bats Global Markets for about $3.2 billion, in a deal that will create a new global exchange for the trading of FX, equities, options and futures, and a direct rival to giants such as Intercontinental Exchange (ICE), Nasdaq and CME Group.
The board of directors of both companies approved the agreement unanimously on September 26, with CBOE expected to incorporate the functionality offered by both technology platforms and migrate its trading on to Bats' proprietary
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Exchange Trading
Bitcoin futures volumes wake to new dawn on CME and other exchanges
Institutional players follow retail traders’ lead to hedge risk exposure
Offshore renminbi futures set new record at SGX
Number of USD/CNH contracts traded on May 10 rose sixfold in a week
Open interest in FX futures grows in Singapore
SGX reports record FX futures volume for the quarter, with USD/CNH and INR/USD driving activity
Singapore Exchange enlists its first Middle Eastern trading member
Abu Dhabi-based Aarna Capital has signed on with Singapore Exchange
FX Link pulls futures-shy banks into the fray, says CME
Since its 2018 launch, CME says the product has attracted some Tier 2 banks to FX futures
PBoC chief pledges to keep opening up China’s financial sector
China will also continue market-based reforms of yuan exchange rates
Seed CX adds new crypto pairs, lands ally in Asia
Institutional clients can now trade BCH/USD and LTC/USD, says Seed CX, which has partnered a Singapore fintech
CBOE pulls plug on bitcoin futures trading
First mainstream exchange to offer bitcoin futures calls halt as it reviews approach to crypto
