Mergers and acquisitions
In September 2011, CBOE Stock Exchange, which was owned by CBOE Holdings, entered into an agreement to acquire the National Stock Exchange.[26] The acquisition was completed on December 30, 2011, with both exchanges continuing to operate under separate names. The National Stock Exchange continued to be based in Jersey City.[27] The National Stock Exchange ceased trading operations on May 30, 2014.[28]
In August 2015, CBOE finalized its acquisition of the LiveVol platform, a market data services provider.[29]
In January 2016, CBOE announced it had purchased a majority stake in Vest Financial, an investment adviser specializing in options-centric products.[30]
In September 2016, CBOE announced that it was purchasing BATS Global Markets for approximately US$3.2 billion.[31] BATS was then the second-largest US stock exchange by shares traded and was known for being technology focused.[32] Business Insider noted that by buying BATS, "CBOE is looking to extend its geographical reach and products while cutting costs."[33] The deal was completed in March 2017.[34] Over the next few years CBOE migrated its exchanges onto the BATS technology platform.[35]
In February 2020, Cboe completed its acquisition of two data analytics firms, Hanweck and FT Options.[36] That same year, CBOE acquired Trade Alert, a New York-based order flow analysis service provider.[37] Also in 2020, Cboe acquired EuroCCP, the Dutch clearing house. The company already owned 20% of the clearing house and purchased the remaining 80%.[38] In May 2020, the company announced it was expanding into Canada, via acquisition of the Canadian stock trading platform, MATCHNow, which operated an alternative trading system (ATS).[39] Cboe acquired another ATS operator, BIDS Trading, in October 2020.[40]
In June 2021, Cboe announced that it had completed its acquisition of Chi-X Asia Pacific. Through the acquisition, Cboe established a significant presence in the Asia Pacific region for the first time by gaining access to two of the world's largest securities markets in Japan and Australia.[41] In November 2021, Cboe announced it had agreed to acquire NEO, the Canadian stock exchange operator.[42]
In May 2022, Cboe completed its acquisition of Eris Digital Holdings (ErisX), a US-based digital asset spot market, regulated futures exchange, and regulated clearinghouse.[43]
In October 2025, Cboe announced its intention to sell its Canadian and Australian businesses and exit the US and European corporate listings market.[44]
