CBOE Holdings Reports First-Quarter 2017 Results - Reported Results Include Bats Effective March 1

First-Quarter 2017 Highlights

GAAP Revenue Less Cost of Revenue of $193.4 Million, up 35 Percent, Reflects the Bats Acquisition
Organic Net Revenue of $154.2 Million, up 8 Percent, Driven by Increased Trading in VIX Futures and SPX Options
GAAP Diluted EPS of $0.16; Non-GAAP Adjusted Diluted EPS of $0.78
Bats Integration on Track; Synergy Realization Ahead of Plan
Reduced Debt Incurred in Connection With the Bats Acquisition by $150 Million During the Quarter
Quarterly Highs Set in SPX Options Trading and Bats Options Exchanges and Hotspot Market Share

CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) today reported financial results for the first quarter of 2017, and provided updated 2017 guidance to reflect its acquisition of Bats Global Markets, Inc. (Bats).

CBOE Holdings completed its acquisition of Bats on February 28, 2017. Consolidated results for the first quarter of 2017 include Bats for the period March 1 through March 31, 2017. As a result of the acquisition and related organizational changes, the company now reports five business segments: Options, Futures, U.S. Equities, European Equities and Global FX. Prior to the acquisition of Bats, the company reported its results in one reporting segment. Results for fiscal periods prior to first quarter 2017 are presented to conform to the new segments.

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