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
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