Cboe Acquires Trade Alert to Bolster Information Solutions Offering

Cboe Global Markets, Inc. continues its streak of acquisitions, with the company announcing today in Chicago that it has acquired the business of Trade Alert, LLC, to further bolster its Information Solutions offering.

Trade Alert is a real-time alerts and order flow analysis service provider. Under the acquisition, the company will integrate with Cboe Information Solutions’ suite of data solutions, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and indices.

The Information Solutions offering from Cboe, one of the largest exchange holding companies, is designed to help optimise the customer experience throughout the life cycle of a transaction.

Acquisition allows Cboe to deliver real-time data

By acquiring Trade Alert, Cboe will now be able to deliver real-time trade data, market information and alerts, as well as its content, such as thought leadership, directly to its clients.

Commenting on the transaction, Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets said in the statement: “We are constantly engaging with our customers and working with them to develop smart, innovative solutions that address their needs.

“Adding Trade Alert’s highly-curated information, alerts and messaging to Cboe’s existing Information Solutions offering will help our customers make sense of the abundance of raw market data available, arming them with solutions that can simplify complexity within the derivatives markets. We are excited to welcome Henry and the full Trade Alert team to Cboe Global Markets.”

Trade Alert was founded in 2005 by Henry Schwartz. The New York-based company focuses on the synthesis and distribution of securities market intelligence to financial professionals.

“Since 2005, Trade Alert has focused on helping our global network of institutional and self-directed traders maintain the highest degree of awareness and understanding of market activity to better inform trading decisions and client service," added Henry Schwartz, in the statement.

"I couldn’t be more pleased to bring our real-time alerts and analytics to Cboe where the value of our market intelligence will further enhance Cboe's robust Information Solutions offering.”

Cboe continues acquisition streak

In recent months, Cboe has been acquiring a number of companies. In February it acquired Hanweck and FT Options, with the aim of building out the data analytics component of its Information Solutions group.

As Finance Magnates reported, in May, the exchange operator announced it has entered into a definitive agreement to acquire the MATCHNow dark pool for Canadian equities from Virtu Financial. The transaction is expected to close in the third quarter of this year.

In addition, the company also entered into a definitive agreement to acquire EuroCCP, a pan-European equities Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term, as part of its efforts to expand into equities trading and clearing in Europe towards the end of last year.