(RTTNews) – Cboe Global Markets Inc. (CBOE) said it signed a limited spouse agreement to invest in the planned acquisition of Trading Technologies International, Inc. (TT), a provider of next-generation professional trading software. connectivity and knowledge solutions.
Trading Technologies is expected to be acquired through 7RIDGE, a specialty progression equity company invested in transformation technologies, while Cboe is a limited spouse in the fund controlled through 7RIDGE, supporting 7RIDGE and Trading Technologies’ commitment to continue the company’s expansion globally.
Cboe said it plans to fund its investment with a mix of money and higher debt in the fourth quarter of 2021. Terms of the deal were disclosed, but the company said its investment in the transaction is significant from Cboe’s monetary perspective.