A very interesting series of deals for CBOE in 2020 - first MATCHNow, a Canadian ATS, and now BIDS Trading, a US ATS. The message CBOE's sending is "if equity volume is going off-exchange, we'll go off-exchange" Similar strategy to TP ICAP's Liquidnet purchase.
"BIDS Trading generated approximately $42 million in net revenue over the last 12 months ending June 30, 2020" http://ir.cboe.com/~/media/Files/C/CBOE-IR-V2/press-release/2020/cboe-global-markets-agrees-to-acquire-bids-trading-10-16-20.pdf …
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Any idea about the purchase price?
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