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Cboe Global Markets Completes Acquisition Of Erisx, Entering Digital Asset Market

May 02, 2022over 3 years ago

Acquiring Company

Cboe Global Markets

Acquired Company

ErisX

Chicago

Description

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced it has completed the acquisition of Eris Digital Holdings, LLC (ErisX), an operator of a U.S. based digital asset spot market, a regulated futures exchange and a regulated clearinghouse. Ownership of ErisX allows Cboe to enter the digital asset spot and derivatives marketplaces through a digital-first platform developed with industry partners to focus on robust regulatory compliance, data and transparency.

Company Information

Company

Cboe Global Markets

Location

Chicago, Illinois, United States

About

Cboe Global Markets, Inc. is a leading global exchange, providing trading and investment solutions to investors around the world. The company offers a wide range of products including options, futures, U.S. and European equities, exchange-traded funds (ETFs) and global foreign exchange (FX).

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed