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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

ChicagoFinancial Services

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

433 W Van Buren St

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
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
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Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed