The Chicago Board of Options (CBOE) has agreed to buy Bats Global Markets in a $3.2 billion deal, a statement said on Monday.
CBOE will fund the transaction through a combination of stock and debt.
“The transaction will significantly expand CBOE Holdings’ product line across asset classes, broaden its
geographic reach with Bats’ strong pan-European equities and global FX positions, and diversify its
business mix with significant non-transactional revenue streams,” the statement said.
“CBOE Holdings expects to utilise Bats’ leading proprietary trading technology by migrating trading in all of the combined company’s markets onto a single, proven platform.”