Photographer: Jason Alden/Bloomberg

Deal of the Week: CBOE's $3 Billion Bats Purchase is Actually a Tech Deal

CBOE's $3.2 billion acquisition of Bats Global Markets may sound like a wonky financial transaction. That isn't really the case, Bloomberg M&A reporter Matt Monks tells Deal of the Week host Alex Sherman. Actually, you can view it as a technology deal. Monks and Sherman discuss why stock and options exchanges are consolidating and explain why technological changes have upended the industry.



    Before it's here, it's on the Bloomberg Terminal.