Cboe Global Markets, one of the world’s largest exchange holding companies, announced it has acquired the business of Trade Alert, LLC, a real-time alerts and order flow analysis service provider based in New York.
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Trade Alert will integrate with Cboe Information Solutions’ comprehensive suite of data solutions, analytics, and indices that help market participants understand and access financial markets. Cboe’s Information Solutions offering is designed to optimize the customer experience throughout the life cycle of a transaction, from pre-trade to at-trade to post-trade, by providing insights, alpha opportunities, portfolio optimizations, and seamless workflows. With Trade Alert, Cboe can deliver real-time trade data, market information and alerts, and Cboe content, including thought leadership, directly to customers.
Founded in 2005 by Henry Schwartz, Trade Alert is a software and services company focused on the synthesis and distribution of securities market intelligence to financial professionals. Trade Alert’s system architecture combines proprietary software, ultra-low latency market data, and high-performance computing to notify users of market activity and order flow dynamics relevant to their business in real-time.
“We are constantly engaging with our customers and working with them to develop smart, innovative solutions that address their needs,” said Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets. “Adding Trade Alert’s highly-curated information, alerts and messaging to Cboe’s existing Information Solutions offering will help our customers make sense of the abundance of raw market data available, arming them with solutions that can simplify complexity within the derivatives markets. We are excited to welcome Henry and the full Trade Alert team to Cboe Global Markets.”
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