Cboe Global Markets Acquires Assets of Silexx Financial Systems
– Silexx Develops, Operates Multi-Asset Order and Execution Management System
– Company Serves Both Buy and Sell Sides, Offers Customers Access to More Than 40 Markets Worldwide
PR Newswire
CHICAGO, Nov. 2, 2017
CHICAGO, Nov. 2, 2017 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) today announced it has acquired the assets of Silexx Financial Systems, LLC, a Sarasota, Florida-based company that develops and operates an innovative multi-asset order and execution management system (OEMS) that caters to institutional customers throughout the U.S.
The acquisition is expected to provide Cboe customers with an additional channel to access industry-leading data, analytics and trade execution tools across equity, options and futures markets worldwide. Currently, through Silexx’s broker-neutral network, both buy- and sell-side customers can access more than 40 global markets, including in Europe and Asia. This dynamic technology provides users with a holistic trading experience: from pre-trade analytics and seamless trade execution, to post-trade reporting and risk management. With the Silexx OEMS, users have the ability to efficiently trade multiple asset classes across multiple global markets from one platform.
“Catering to the professional marketplace, Silexx has rapidly gained a foothold and widespread distribution with its customers. Our Silexx OEMS platform is installed on buy- and sell-side desks with connectivity to dozens of brokers and clearing firms,” said Thomas Frey, the company’s president. “Cboe is widely known as a leader in product creation and for its proven ability to provide seamless and innovative trading solutions for the marketplace. I am excited to join the team and help further grow and build upon our Silexx OEMS platform with the full potential of Cboe behind us.”
“We are pleased to provide our customers with even more trading tools and analytics, as well as broadened access to more global markets and more asset classes as a result of this acquisition,” said John Deters, Cboe Chief Strategy Officer and Head of Multi-Asset Solutions, which focuses on product innovation and new market development. “We expect the Silexx technology to serve as an optimized platform for new products brought to the marketplace and future enhancements to market data and trading services offerings.”
Terms of the deal were not disclosed. Near term, Cboe considers its acquisition of the assets of Silexx to be immaterial from a financial perspective; however, Cboe is very optimistic about the potential for growth longer term.
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) is one of the world’s largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to relentless innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the customer experience.
Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world’s barometer for equity market volatility.
Cboe’s trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading.
The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore, Hong Kong and Quito, Ecuador. For more information, visit www.cboe.com.
Media Contacts |
Analyst Contact |
|||||
Suzanne Cosgrove |
Hannah Randall |
Stacie Fleming |
Debbie Koopman |
|||
+1-312-786-7123 |
+1-646-856-8809 |
+44-20-7012-8950 |
+1-312-786-7136 |
|||
CBOE-C
CBOE-OE
Cboe, CBOE Volatility Index and VIX are registered trademarks, and Cboe Global MarketsSM is a service mark of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.
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.
View original content with multimedia:http://www.prnewswire.com/news-releases/cboe-global-markets-acquires-assets-of-silexx-financial-systems-300548463.html
SOURCE Cboe Global Markets, Inc.
Be the first to comment