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CBSX and Lime Brokerage announced today that Lime has acquired a minority interest in the CBOE Stock Exchange, LLC (CBSX), a subsidiary of the Chicago Board Options Exchange (CBOE).
"We are pleased to have the opportunity to invest in CBSX," said Lime's Chief Executive Alistair Brown. "Lime looks for trading venues that offer unique pools of liquidity for Lime's customers to interact with. CBSX offers a displayed and non-displayed market for Lime's customers to provide liquidity for CBOE options traders' hedging activity. We believe this market structure is good for our customers and CBOE's option traders seeking to hedge their options positions."
David Harris, CBSX's Chief Executive Officer, said, "We are excited that Lime has chosen to invest in CBSX. Not only is Lime among Nasdaq's largest liquidity providers, but Lime has also demonstrated its ability to support the development of new market centers."
Financial terms of the investment were not disclosed.
About Lime
Lime Brokerage Holdings LLC is the parent company of Lime Brokerage LLC, a technologically advanced brokerage firm based in New York City that caters to a diverse and sophisticated customer base. Lime's clients include professional traders, hedge funds, asset managers, and other broker-dealers. For more information, please visit www.limebrokerage.com or call Andrea Cohen at 212.219.6079.
About CBSX
CBOE Stock Exchange (CBSX) is a fully electronic, Regulation NMS compliant marketplace, offering strict price-time priority for all participants. CBSX offers trading in 2,900 of the most actively traded New York Stock Exchange, American Stock Exchange and NASDAQ Stock Market listed and Over-the-Counter securities as well as Exchange Traded Funds (ETFs).Launched in March 2007, CBSX is a subsidiary of the Chicago Board Options Exchange (CBOE). For more information about CBSX, including listings, access and fees, visit www.cbsx.com.
