21 April 2018
Visit http://response.ncr.com

Bats shares soar on CBOE take over talk

23 September 2016  |  5047 views  |  0 Signature

Shares in Bats Global Markets have soared on the back of speculation that it may be acquired by the venerable Chicago Board Options Exchange.

Bats stock price rose 24% to $33 following unconfirmed reports that the CBOE is holding talks about a possible takeover.

Such a move would push the 43-year old exchange beyond its traditional options and futures business into the big leagues of US and European shares and currency trading. It would also act as a bulwark against increasing incursions by rival exchange operator Nasdaq into its core US options business.

Bats currently ranks as the second-biggest US stock market and Europe's largest equities trading venue. The company, which went public in April, is currently valued at about $2.6 billion.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bats to extend FX interest with acquisition of Javelin SEF

Bats to extend FX interest with acquisition of Javelin SEF

12 August 2016  |  4674 views  |  0 comments | 3 linkedin
Bats to launch European block trading venue

Bats to launch European block trading venue

09 August 2016  |  4190 views  |  0 comments | 3 tweets | 3 linkedin
Bats files for IPO, again

Bats files for IPO, again

17 December 2015  |  5622 views  |  0 comments | 2 linkedin
Bats moves into foreign exchange with Hotspot FX acquisition

Bats moves into foreign exchange with Hotspot FX acquisition

28 January 2015  |  5373 views  |  0 comments | 1 tweets | 1 linkedin
Bats and Direct Edge agree merger

Bats and Direct Edge agree merger

27 August 2013  |  5066 views  |  1 comments | 1 tweets | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://aciworldwide.webex.comVisit http://wup.digitalVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
10427 views comments | 19 tweets | 26 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9804 views comments | 14 tweets | 19 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
9697 views comments | 18 tweets | 32 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8834 views comments | 16 tweets | 22 linkedin
Goldman Sachs acquires PFM startup Clarity MoneyGoldman Sachs acquires PFM startup Clarity...
8318 views comments | 9 tweets | 10 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job