The Chicago Board Option Exchange is in the options and related futures contracts business
They are in talks to buy Bats, which would give CBOE a presence in exchange-traded funds (ETF) trading
- Bats is the 3rd largest stock exchange operator in the US
Says Bloomberg of the deal (should it come off):
- CBOE would reclaim its market-share lead in U.S. options trading by purchasing Bats, edging out Nasdaq Inc. CBOE's two exchanges plus Bats's two options markets handle about 38 percent of industry volume. Nasdaq, which bought three options markets from Deutsche Boerse AG this year, handles about 36 percent.
More at that link to Bloomberg above
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I was initially confused if I should file this under baseball news, or perhaps zoology, but upon clarification on "Bats" I thought it would be of interest to traders ;-)
