Lime Brokerage makes minority investment in Cboe Stock Exchange
09 January 2008 | 1647 views | 0
Source: CBSX and Lime Brokerage
CBSX and Lime Brokerage announced today that Lime has acquired a minority interest in the CBOE Stock Exchange, LLC (CBSX), a subsidiary of the Chicago Board Options Exchange (CBOE).
"We are pleased to have the opportunity to invest in CBSX," said Lime's Chief Executive Alistair Brown. "Lime looks for trading venues that offer unique pools of liquidity for Lime's customers to interact with. CBSX offers a displayed and non-displayed market for Lime's customers to provide liquidity for CBOE options traders' hedging activity. We believe this market structure is good for our customers and CBOE's option traders seeking to hedge their options positions."
David Harris, CBSX's Chief Executive Officer, said, "We are excited that Lime has chosen to invest in CBSX. Not only is Lime among Nasdaq's largest liquidity providers, but Lime has also demonstrated its ability to support the development of new market centers."
Financial terms of the investment were not disclosed.