A major global exchange holding company, Cboe Global Markets, Inc., recently announced the acquisition of Hanweck Associates, LLC, and the business of FT Providers, LLC. Hanweck Associates is a risk analytics firm based in New York, while FT Providers, also known as FT Options, is a Chicago-based portfolio management platform provider.
The Information Solutions product by Cboe is intended to prove insights, risk management clarity, alpha opportunities, execution services, and portfolio optimizations in order to enhance the customer experience across the entire transaction lifecycle. Hanweck and FT Options services will incorporate with Cboe Information Solutions, which offers a comprehensive suite of analytics, data solutions, and indices to aid market participants be aware of and access Cboe markets easily. This will allow better visibility into the portfolio and balance sheet risk and further optimize the customer experience.
Delivering real-time risk and margin analytics on global derivatives markets, Hanweck will help Cboe clients with a better understanding of the optimization of their balance sheets. On the other hand, FT options, which deals in offering a suite of automated, customized, integrated apps to offer research and analytics functions across options, futures and light exotics for hedge funds, proprietary trading firms, and separately managed accounts, will provide Cboe clients with tools to find market dislocations, manage risk better, receive clarity on FLEX and OTC valuations, and help generate alpha opportunities.
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Ed Tilly, Chairman, President, and CEO of Cboe Global Markets, said that bringing data and analytics firms that pioneer unique information solutions to Cboe will assist the firm with accelerating the speed of innovation and serve its clients on a global scale. “Adding Hanweck and FT Options to our Information Solutions group will help us deliver a more integrated product suite in less time and support trading through better asset pricing and risk management software. We are excited to welcome the Hanweck and FT Options teams to Cboe Global Markets,” Ed said.
