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Cboe Expands in Canada With Deal to Buy NEO Parent Aequitas

  • Chicago-based company already owns MATCHNow in Canada
  • Combination will give Cboe 16.5% Canada equities market share
cboe vix
Photographer: Daniel Acker/Bloomberg

Cboe Global Markets Inc. is expanding its Canadian operations with a deal to buy Aequitas Innovations Inc., parent of Toronto-based NEO Exchange.

The acquisition will help Chicago-based Cboe build its presence in North America by adding the registered Canadian securities exchange and related products, the companies said in a statement Monday. Terms weren’t disclosed.