CBOE buys Bats for $3.2bn

- By Alessandro Aimone
- @aimoneale
- 28 Sep 2016

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CBOE Holdings has agreed to buy Bats Global Markets for about $3.2 billion, in a deal that will create a new global exchange for the trading of FX, equities, options and futures, and a direct rival to giants such as Intercontinental Exchange (ICE), Nasdaq and CME Group.

The board of directors of both companies approved the agreement unanimously on September 26, with CBOE expected to incorporate the functionality offered by both technology platforms and migrate its trading on to Bats' proprietary

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