Exchanges have confirmed three Bats directors will sit on the combined board
CBOE Holdings and Bats Global Markets have
said they plan to complete their merger on February 28 just
five months after the US exchange groups announced their
plan to form a large US and European equities, options and
foreign exchange trading group.
Chicago-based CBOE, run by chief executive
Ed Tilly, and Kansas City-based Bats said in a joint statement
late on Thursday they have received regulatory approval from
the UK’s Financial Conduct Authority and plan to
complete the deal before the end of February "subject to
customary closing conditions".
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.