Friday, May 30, 2025

Latest

Cboe Global Markets To Acquire NEO Exchange

Cboe Global Markets, Inc. (Cboe: CBOE) announced on Monday that it has entered into a definitive agreement to acquire Aequitas Innovations, Inc., more commonly known as NEO. The move expands the Chicago-based exchange’s footprint in North America, including the Canadian securities exchange.

“Adding NEO to the Cboe network better enables us to create a first-class equities [sic] offering in Canada, bolstering our global markets in North America, Europe, and [the] Asia Pacific, and bringing us one step closer to our vision of building one of the world’s largest global derivatives and securities trading networks,” said Cboe Global Markets CEO Ed Tilly.

While the terms of the deal were not fully disclosed, the firm has relayed that the transaction will be funded with cash on hand. The purchase price is also not material from a financial perspective and is expected to be nominally accretive, according to the exchange.

The US options exchange also acquired the alternative trading system MATCHNow in 2020. At the closing of the NEO acquisition, the firm said it will be able to “provide a comprehensive equities platform for the Canadian markets with over 16.5% combined market share”.

The firm plans to build one of the world’s largest global securities and derivatives trading networks after the transaction closes.

The acquisition is expected to close in the first half of 2022, subject to customary regulatory approvals.


Information for this briefing was found via the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Cboe Global Markets In Talks With Robinhood As Potential Equity Partner For Recently Acquired Digital Exchange

Cboe Global Markets, Inc. (Cboe: CBOE) said on Thursday that it has been talking with...

Friday, August 26, 2022, 09:41:33 AM

Neo Exchange: Focusing On The Innovation Economy – The Daily Dive ft Jos Schmitt

Start off the Daily Dive this week is that of Jos Schmitt, whom is founder...

Monday, June 28, 2021, 01:30:00 PM

Cboe CEO Edward Tilly Resigns After Failing To Disclose “Personal Relationships With Colleagues”

In a significant development, Cboe Global Markets Inc. has announced the resignation of Edward Tilly...

Tuesday, September 19, 2023, 08:59:08 AM

Cboe Global Markets Now Holds 15.6% Of Canadian Equities Market After Closing NEO Exchange Acquisition

In one of the biggest movements in exchanges, Cboe Global Markets, Inc. (Cboe: CBOE) closed...

Friday, June 10, 2022, 09:45:00 AM