CBOE Holdings Completes Acquisition Of Livevol Data, Analytics Platforms

CBOE Holdings Completes Acquisition Of Livevol Data, Analytics Platforms

PR Newswire

CHICAGO, Aug. 7, 2015 /PRNewswire/ — CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that it has finalized the acquisition of the market data services and trading analytics platforms of Livevol, Inc., a leading provider of equity and index options technology and market data services to professional and retail traders, effective August 7. Financial terms of the deal were not disclosed.

CBOE Holdings, Inc. logo.

CBOE Holdings’ acquisition includes the Livevol Core, Livevol Pro and Livevol X trading analytics platforms, as well as Livevol Enterprise and other market data solutions products. Livevol Securities, Inc., the company’s broker-dealer unit, was not part of the deal.

The deal, which was announced in June, was approved by the boards of directors of both CBOE Holdings, Inc. and Livevol, Inc.

The acquired properties are subsidiaries of CBOE Holdings. Livevol’s 23 employees and technology consultants will join CBOE, with the business development staff reporting to Andy Lowenthal, Senior Vice President of CBOE’s Business Development Group; the technology staff reporting to Gerry O’Connell, CBOE Executive Vice President and Chief Information Officer; and the help-desk staff reporting to Anthony Montesano, CBOE Vice President, Trading Systems Development.

CBOE’s acquisition of Livevol was funded with existing cash. It is not expected to be material in terms of CBOE Holdings’ revenue or earnings per share for 2015, but the company expects the acquisition to be accretive to earnings per share in 2016.

Livevol, Inc. provides professional and retail traders with cutting-edge tools, data and custom analytics services. Livevol offers a spectrum of technology and data solutions, including a consolidated feed, real-time programmable analysis and scanning, historical files and back testing, real-time decision support, flat files, XML web services and other web components. Additional information on Livevol, Inc. and its products can be found at www.livevol.com.

Forward-Looking Statements:
Certain information contained in this news release may constitute forward-looking statements. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made and are subject to a number of risks and uncertainties.

About CBOE Holdings, Inc.:
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute and www.cboe.com, the go-to place for options and volatility trading resources.

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CBOE, Chicago Board Options Exchange, CFE, Execute Success, FLEX, LEAPS, CBOE Volatility Index and VIX are registered trademarks, and BuyWriteSM, CBOE Futures ExchangeSM, BXMSM, WeeklysSM and The Options InstituteSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). Standard & Poor’s, S&P and S&P 500 are registered trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by CBOE, CFE and C2. Russell and Russell 2000 are registered trademarks of Russell Investments and have been licensed for use by CBOE and CFE. The Russell 2000 Index is a trademark and service mark of Frank Russell Company, used under license. MSCI and the MSCI index names are service marks of MSCI Inc. or its affiliates and have been licensed for use by the CBOE and CFE. Options contracts on any MSCI index are not sponsored, guaranteed or endorsed by MSCI, its affiliates or any other party involved in, or related to, making or compiling such MSCI index. All other trademarks and service marks are the property of their respective owners.

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SOURCE CBOE Holdings, Inc.

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