Sept 22 Options exchange operator CBOE Holdings
Inc is in talks to buy Bats Global Markets Inc
, the No. 2 U.S. stock exchange operator by volume,
Bloomberg reported, citing sources.
Shares of Bats Global Markets were up 28.5 percent in
after-market trading on Thursday, while CBOE's shares were
Bats had a market capitalization of about $2.6 billion, as
of Thursday's close.
The news comes as the latest in a string of mergers, bidding
wars and failed deals among global exchanges in an industry that
has been trying to consolidate for years amid weaker trading
volumes and shrinking margins.
A deal could be announced within weeks, though no final
decision has been made and the talks may still fall apart,
according to the report. (bloom.bg/2dl6bv3)
Bats Global debuted on its own exchange earlier this year,
after a botched attempt to go public in 2012.
Bats, an acronym for "better alternative trading system",
was formed in 2005 as an alternative to the New York Stock
Exchange and the Nasdaq.
Bats Global declined to comment while CBOE Holdings could
not immediately comment.
(Reporting by Narottam Medhora in Bengaluru; Editing by Shounak