Cboe Global Markets announces acquisition of Hanweck and FT Options

Maria Nikolova

Cboe, which funded the acquisitions with cash on hand, expects the deals to be accretive for 2020.

Cboe Global Markets, one of the world’s leading exchange holding companies, today announced the acquisition of New York-based risk analytics company Hanweck Associates, LLC, a real-time, and Chicago-based portfolio management platform provider FT Providers, LLC, also known as FT Options.

Hanweck and FT Options services will be integrated with Cboe Information Solutions, which offers a comprehensive suite of data solutions, analytics and indices to help market participants understand and access Cboe markets. The addition of Hanweck and FT Options to this offering is expected to further enhance the customer experience through greater visibility into portfolio and balance sheet risk.

Hanweck delivers real-time risk and margin analytics on global derivatives markets, bringing visibility and clarity to capital and balance sheet constraints of banks, broker/dealers, hedge funds, central counterparties and exchanges. Hanweck is expected to help Cboe clients better understand how their balance sheet is optimized through real-time margin calculations of non-linear instruments and analytics that optimize portfolio allocations and hedges.

FT Options offers a suite of customizable, automated, integrated applications that provide research and analytics functionality across options, futures and light exotics for proprietary trading firms, hedge funds and separately managed accounts. FT Options services will provide Cboe clients with tools designed to better manage risk, receive clarity on FLEX and OTC valuations, find market dislocations easier and help generate alpha opportunities.

The financial terms of the deals were not disclosed. Cboe funded the acquisitions with cash on hand. The company considers its acquisition of the Hanweck and FT Options businesses each and in the aggregate to be accretive for 2020 and is optimistic about the potential for growth going forward.

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