CBOE Global Markets was created when the Chicago Board Options Exchange (CBOE) acquired BATS Global Markets in 2017.
Prior to its acquisition, BATS was a major exchange operator with four stock exchanges in the United States (BZX Exchange, BYX Exchange, EDGA Exchange, and EDGX Exchange) and one in the United Kingdom (BATS Europe). These exchanges are now operated by the CBOE, with BATS Europe having rebranded to CBOE Europe Equities.
Two options exchanges previously operated by BATS Global Markets (BZX Options Exchange and EDGX Options Exchange) continue to operate under CBOE Global Markets.
Each exchange has its own pool of liquidity and its own trading system.
BATS Global Markets was founded in the United States in 2005 to offer investors an alternative to trading on NASDAQ and the New York Stock Exchange, which dominated the U.S. market at the time. BATS was a registered stock exchange operator from 2008 until its acquisition by the CBOE in 2017.
CBOE Global Markets exchanges host primary listings from many major exchange traded funds (ETFs). In addition to its own listed securities, equities and options listed on other stock markets are also traded on CBOE Global Markets exchanges.
CBOE Global Markets publishes numerous specialized indexes through its Bats Indexes division.
Trading hours: Monday through Friday 9:30 a.m to 4:00 p.m ET (UTC-5)
Trading hours (European exchanges): Monday through Friday 8:00 a.m. to 4:30 p.m. GMT (UTC-0)
Settlement cycle (U.S exchanges): T+3
Settlement cycle (U.K. exchange): T+2
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