Cboe Global Markets to Be Limited Partner in Acquisition of Trading Technologies

Cboe Global Markets, a cutting-edge trading and investment solutions provider, announced that it has entered into an agreement to invest in the planned acquisition of Trading Technologies International. Cboe will be limited partner in the acquisition.

Trading Technologies is a global provider of next-generation professional trading software, connectivity and data solutions. It has an expansive and highly engaged customer base with thousands of users, including the top futures commission merchants (FCM) and brokers globally, as well as many of the world's leading buy-side institutions.

Trading Technologies is planned to be acquired by 7RIDGE, a specialized growth equity firm invested in transformative technologies, while Cboe is among the limited partners of the fund managed by 7RIDGE, supporting 7RIDGE's and Trading Technologies' commitment to further grow the business worldwide.

Cboe is strategically aligned with Trading Technologies' vision of delivering a leading trading, connectivity and data network to the global trading community. Trading Technologies will remain independent and focused on delivering innovative enterprise-wide solutions for institutional and professional trading.

Cboe plans to fund its investment with a combination of cash on hand and increased debt in the fourth quarter of 2021, subject to certain regulatory approvals and other customary closing conditions associated with the acquisition of Trading Technologies.

Last month, Cboe Global Markets has posted its financial results for the third-quarter of 2021​, showing a year-over-year rise in the main financial metrics. The company’s net revenue stood at $370 million in Q3 2021, which is up by nearly 27 percent compared to Q3 2020.