The TRADE speaks to CBOE Holdings chief strategy officer John Deters about its $3.2 billion mega merger with Bats Global Markets and the opportunities it will bring for the company.
US options exchange CBOE is to acquire Bats Global Markets, a move that will see it expand into the European equity and ETF markets.
Bats’ US options market share up to 11.6%, as second quarter revenues climb by over $10 million.
Options auctions - ‘BAM’ - set to launch in November this year.
Half a day’s trading took place in just one hour on Bats’ European trading platforms today.
Bats anticipates an IPO price between $17 and $19 per share.
Bats has acquired ETF.com as it adds to ever-growing ETF business.
Bats' new volatility index will challenge CBOE's popular VIX.