CBOE Holdings, one of the world’s largest exchange holding companies, announced today that it had completed its acquisition of Bats Global Markets in a deal worth $3.4 billion in cash and stock.
Bats Global Markets bought ETF.com in April 2016.
"We are well-positioned to realize the benefits of joining Bats' U.S. and European equities, options, ETF trading and global FX platforms, together with CBOE's wide array of equity, ETF and index options, futures, multi-asset volatility products and educational resources,” said CBOE Holdings Chairman and CEO Edward Tilly in reference to the deal’s benefits. “We believe that the resulting combination will allow us to cement CBOE's position as the go-to partner for developing cutting-edge trading and investment solutions."
Tilly will remain as chairman and CEO. Chris Concannon, formerly CEO of Bats Global Markets, is now the president and chief operating officer for CBOE Holdings.
CBOE Holdings has rolled out an integration website to keep customers informed during the transition. It can be found at www.cboe.com/batsintegration and includes key information about the newly combined firm’s leadership, structure, products and services, as well as frequently asked questions and information about the company’s customer conference calls.
The first post-acquisition call will take place on March 29.
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