Bats Global Markets is a leading operator of exchanges for global financial markets.

Chicago Board Options Exchange completes the previously announced (September 2016) acquisition of Bats for cash / stock valued at ~$3.4 billion.

The acquisition of Bats will provide CBOE with a global position in innovative tradable products and services and meaningful cost and operational efficiencies.

Bats grew revenue by 11% Year-over-Year in Q2 2016. Revenue growth was driven by non-transaction revenue, greater US Options market share and higher net capture rates.

Bats Europe, the region’s largest stock exchange operator, will launch 18 different indices covering large to small cap securities and 12 industry sectors.