a blank sheet and an opportunity to create new
products, clearing into a very logical CCP for
fixed income products. So we loved that concept.
Eris Exchange is built on products designed to
solve problems around margin inefficiencies of
traditional swaps products.
We have learned that if you have a product
that is relevant to market participants in rates or
FX, you have to go where those participants are.
It is challenging to expect to list a product on an
exchange that caters to one type of market participant and expect everyone else to connect. With
those perspectives in mind, it made a lot of sense
to make those two minority investments. n
“We believe the new
opportunities lie in Europe
when it comes to
derivatives on ETFs.”
CBOE TIMELINE
1973
The exchange was
founded in April 1973
in a space that used to
be the CBOT’s
smoking lounge
1984
CBOE moves to its
10-story building at 400
South LaSalle in
Chicago
2004
Opens the CBOE
Futures Exchange
2007
Launches CBOE Stock
Exchange to compete
with NYSE and Nasdaq.
It ceased trading
operations in April
2014
2010
CBOE becomes a
publically listed
company on the
Nasdaq stock
exchange on 15 June June 2015
CBOE acquires LiveVol
platform, a market
data services provider
October 2015
Acquires a minority
stake in CurveGlobal,
a new interest rate
derivatives venture
from the London
Stock Exchange Group
(LSEG)
January 2016
Acquires a majority
stake in Vest Financial,
an investment adviser
specialising in options-centric products
September 2016
Announces it will
acquire Bats Global
Markets, effective
in the first half of
2017
June 2016
Takes a minority
equity stake in Eris
Exchange, the US
swaps futures
exchange
