CBOE to Invest in Tradelegs


The two parties say a CBOE investment, which is subject to execution and delivery of a formal agreement, will allow Tradelegs to further extend its Derivatives Strategist product, which allow buy sides and institutions to formulate options-based strategies that better back their equity positions. The planned move will also allow it to round out its ability to cover securities at a portfolio level.

"The technology's application supports our strategic objective to further expand the institutional