MATCHNow to Migrate to Cboe Technology in 2022

MATCHNow, the Canadian equities alternative trading system, will migrate to Cboe Global Markets’ technology in February 2022 following its acquisition by the US exchange group last year. Cboe completed its purchase of Toronto-based MATCHNow in August 2020, who it said accounted for nearly 65% of market share in total Canadian dark trading. Bryan Blake, vice president and head of Canadian equities at Cboe, said in a Markets Media news story that since the acquisition closed, time has been spent integrating teams and core functions such as legal, compliance, human resources and marketing. Blake was previously chief executive of MATCHNow and had joined the ATS in 2015 when it was owned by broker ITG. In 2018 ITG was acquired by Virtu Financial and the market marker sold the venue to Cboe last year. As part of the integration, MATCHNow’s data center in Markham will be relocated to an Equinix data center in Toronto.