Cboe Completes Acquisition of MATCHNow

Cboe Global Markets announced it has completed its acquisition of MATCHNow, the largest equities alternative trading system (ATS) in Canada. Toronto-based MATCHNow is a Canadian marketplace that offers execution for institutional, proprietary, and retail orders by combining frequent call matches and continuous execution opportunities in a fully confidential trading book. Founded in 2007, MATCHNow has grown to account for nearly 65 percent of market share in total Canadian dark trading, or approximately 7 percent in total Canadian equities volume. With this acquisition, Cboe gains a foothold in a key global capital market, while expanding the company's geographic presence and diversifying the product capabilities of its equities business.