CBOE buys Livevol platforms
In a move designed to diversify its offerings, CBOE Holdings, the parent company of the Chicago Board Options Exchange, reached an agreement in June to buy the market data services and trading analytics platforms of Livevol, a provider of options technology and market data services.
The exchange acquired the Livevol Core, Livevol Pro and Livevol X trading analytics platforms as well as Livevol Enterprise and other market data solutions products. The only part of the company that was not included in the deal was Livevol Securities, the company’s broker-dealer unit.
CBOE executives said Livevol’s options trade analysis and volatility modeling technologies are a natural fit with CBOE’s trade support services. “We welcome the Livevol team to CBOE,” said CBOE Holdings CEO Edward Tilly. “The acquisition of Livevol’s innovative market analytics platforms will significantly expand CBOE Holdings’ presence in the market data services business.”
CBOE executives say they plan to tailor Livevol platforms to provide more detailed trading analytics on CBOE’s proprietary index products. Andrew Lowenthal, senior vice president for business development, was tapped in July to oversee the development of this new line of business.
