CBOE Livevol, a subsidiary of CBOE Holdings, Inc. (CBOE - Free Report) , recently announced that it has divested its Livevol X to Sterling Trading Tech. We would like to remind investors that Livevol, a trade execution platform for U.S. equities and options, was acquired by CBOE Holdings in Aug 2015, and subsequently renamed CBOE Livevol.
Following the acquisition by Sterling Trading, Livevol will be known as Sterling VolTrader. The buyout will enable Sterling Trading to enjoy Livevol’s complex orders and algos capabilities, advanced risk analysis for portfolios including “what-if” analysis. The purchase will widen the acquirer’s capabilities for advanced option traders. Sterling Trading also intends to invest in the platform’s development. Nonetheless, CBOE Livevol will continue to host the Livevol X platform during the transition phase.
The exchange industry has been facing intense competition as increased market consolidation tends to reduce market share and leverage of business. Hence, strategic acquisitions like the one mentioned above are expected to help the securities exchange retain its market share. Also, the industry is trying to counter soft trading volumes and margin contraction with more consolidations.
CBOE Holdings also remains focused on fortifying its capabilities. To that end, the company acquired Bats Global Markets to expand and diversify CBOE Holdings’ product portfolio with the addition of U.S. and European cash equities, Global ETPs and Global FX. Also, organic growth, supported by increasing transaction fees on the back of improving trading volume, remained a key strength at CBOE Holdings.
Shares of CBOE Holdings gained 7.78% year to date, underperforming the Securities Exchange industry’s increase of 8.83%, year to date. Nonetheless, the company has witnessed estimates moving north over the last 60 days, reflecting investor confidence in the stock.
CBOE Holdings carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks from the finance sector are American Financial Group, Inc. (AFG - Free Report) , Selective Insurance Group, Inc. (SIGI - Free Report) and The Progressive Corporation (PGR - Free Report) . Each of these stocks flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
American Financial Group engages primarily in property and casualty (P&C) insurance with focus on specialized commercial products for businesses. Shares of the company gained 6.89% year to date.
Selective Insurance provides insurance products and services in the United States. Its shares rallied 11.15% year to date.
Progressive offers personal and commercial P&C insurance, and other specialty P&C insurance and related services, primarily in the U.S. Shares of the company gained 12.73% year to date.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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CBOE Livevol, a subsidiary of CBOE Holdings, Inc. (CBOE - Free Report) , recently announced that it has divested its Livevol X to Sterling Trading Tech. We would like to remind investors that Livevol, a trade execution platform for U.S. equities and options, was acquired by CBOE Holdings in Aug 2015, and subsequently renamed CBOE Livevol.
Following the acquisition by Sterling Trading, Livevol will be known as Sterling VolTrader. The buyout will enable Sterling Trading to enjoy Livevol’s complex orders and algos capabilities, advanced risk analysis for portfolios including “what-if” analysis. The purchase will widen the acquirer’s capabilities for advanced option traders. Sterling Trading also intends to invest in the platform’s development. Nonetheless, CBOE Livevol will continue to host the Livevol X platform during the transition phase.
The exchange industry has been facing intense competition as increased market consolidation tends to reduce market share and leverage of business. Hence, strategic acquisitions like the one mentioned above are expected to help the securities exchange retain its market share. Also, the industry is trying to counter soft trading volumes and margin contraction with more consolidations.
CBOE Holdings also remains focused on fortifying its capabilities. To that end, the company acquired Bats Global Markets to expand and diversify CBOE Holdings’ product portfolio with the addition of U.S. and European cash equities, Global ETPs and Global FX. Also, organic growth, supported by increasing transaction fees on the back of improving trading volume, remained a key strength at CBOE Holdings.
Shares of CBOE Holdings gained 7.78% year to date, underperforming the Securities Exchange industry’s increase of 8.83%, year to date. Nonetheless, the company has witnessed estimates moving north over the last 60 days, reflecting investor confidence in the stock.
CBOE Holdings carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks from the finance sector are American Financial Group, Inc. (AFG - Free Report) , Selective Insurance Group, Inc. (SIGI - Free Report) and The Progressive Corporation (PGR - Free Report) . Each of these stocks flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
American Financial Group engages primarily in property and casualty (P&C) insurance with focus on specialized commercial products for businesses. Shares of the company gained 6.89% year to date.
Selective Insurance provides insurance products and services in the United States. Its shares rallied 11.15% year to date.
Progressive offers personal and commercial P&C insurance, and other specialty P&C insurance and related services, primarily in the U.S. Shares of the company gained 12.73% year to date.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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