CBOE Starts Platform for Trading Private Company Shares
- CBOE Private Markets registered an alternative trading system
- London-based Globacap to provide technology for new venture
Traders work in the S&P options pit at the Cboe Global Markets exchange in Chicago, Illinois.
Photographer: Alex Wroblewski/BloombergThis article is for subscribers only.
CBOE Global Markets Inc. is partnering with a London-based tech firm to create a US trading platform for shares of closely held companies, a traditionally illiquid market that investors have increasingly sought to access.
CBOE Private Markets registered with the Financial Industry Regulatory Authority as a broker-dealer, according to a filing in August — an essential step in setting up a so-called alternative trading system. The new venue will compete with a platform that Nasdaq Inc. spun out in 2021.