New York-based brokerage firm Lime Brokerage (Lime) has acquired a minority interest in CBSX, a stock exchange owned by the Chicago Board Options Exchange (CBOE), it was announced last week.
"CBSX offers both a displayed and non-displayed market that Lime's customers can use to provide liquidity for CBOE options traders' hedging activity," comments Alistair Brown, CEO, Lime. "We believe this market structure is good for our customers and CBOE’s option traders seeking to hedge their options positions,” he continues.
"Lime is among Nasdaq’s liquidity providers and has also demonstrated its ability to support the development of new market centres,” remarks David Harris, CEO, CBSX.