As market continues to focus on exchange traded ETF derivatives CBOE will continue to grow and grow and grow.
Consolidation activity continues. CBOE will make someone an attractive offer. After all they are only some $5 Billion in market cap. A mere pittance for a deal junkie.
Their innovation record, VIX methodology, and exclusive index options licenses give it a significant advantage over rivals. Did we justify the acquisition at a premium logic? Yes we did
George Gutowski writes from a caveat emptor perspective.