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CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that it has finalized the acquisition of the market data services and trading analytics platforms of Livevol, Inc., a leading provider of equity and index options technology and market data services to professional and retail traders, effective August 7. Financial terms of the deal were not disclosed.
CBOE Holdings’ acquisition includes the Livevol Core, Livevol Pro and Livevol X trading analytics platforms, as well as Livevol Enterprise and other market data solutions products. Livevol Securities, Inc., the company’s broker-dealer unit, was not part of the deal.
The deal, which was announced in June, was approved by the boards of directors of both CBOE Holdings, Inc. and Livevol, Inc.
The acquired properties are subsidiaries of CBOE Holdings. Livevol’s 23 employees and technology consultants will join CBOE, with the business development staff reporting to Andy Lowenthal, Senior Vice President of CBOE’s Business Development Group; the technology staff reporting to Gerry O’Connell, CBOE Executive Vice President and Chief Information Officer; and the help-desk staff reporting to Anthony Montesano, CBOE Vice President, Trading Systems Development.
CBOE’s acquisition of Livevol was funded with existing cash. It is not expected to be material in terms of CBOE Holdings’ revenue or earnings per share for 2015, but the company expects the acquisition to be accretive to earnings per share in 2016.
Livevol, Inc. provides professional and retail traders with cutting-edge tools, data and custom analytics services. Livevol offers a spectrum of technology and data solutions, including a consolidated feed, real-time programmable analysis and scanning, historical files and back testing, real-time decision support, flat files, XML web services and other web components. Additional information on Livevol, Inc. and its products can be found at www.livevol.com.
Forward-Looking Statements:
Certain information contained in this news release may constitute forward-looking statements. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made and are subject to a number of risks and uncertainties.
