Cboe is set to cease operations on its order flow analysis and market intelligence platform, Trade Alert.
The service is set to be discontinued in H2 2026, and aligns with Cboe’s efforts to redirect capabilities to other “opportunities”.
Speaking to The TRADE, a spokesperson for Cboe confirmed: “Following a strategic review of our risk and markets analytics business, we have decided to discontinue Trade Alert and are initiating a structured wind-down.
“The decision to close this business reflects Cboe’s disciplined strategy to allocate resources towards opportunities that deliver the best potential returns.”
Specifically, the Trade Alert platform directly provides Cboe clients with real-time data, market information and alerts and Cboe content, such as thought leadership.
The solution leverages proprietary software, ultra-low latency market data and high performance computing, to provide users with updates on market activity and order flow dynamic, tailored to their business.
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Cboe acquired Trade Alert in June 2020, integrating the business with Cboe Information Solutions’ suite of data solutions, analytics and indices.
In addition, Cboe is currently encouraging Trade Alert users to explore the firm’s comprehensive options analytics platform, Cboe LiveVol, as an alternative.
In recent months, Cboe has continually developed its bid for strategic alignment, and has redirected resourced to “opportunities that deliver the highest potential return across the organisation.”
In January 2026, the firm announced plans to shutter its Cboe Europe Derivatives (CEDX) exchange service, with final trading commencing on 20 February 2026.
The wind down of the exchange included all CEDX products being set to ‘close only’ and any products with no open interest placed into a trading halt and delisted on 12 January 2026.
Elsewhere, TMX Group entered an agreement in April to acquire Cboe Australia and Cboe Canada, in a landmark transaction valued at $300 million.
The deal brings together equities trading venues, listings platforms and market data businesses across Canada and Australia and is intended to strengthen TMX’s ability to serve clients across the capital markets ecosystem.