UCX would like to congratulate the BATS exchange and CBOE for the announcement on yet another exchange merger. The consolidation of exchanges continues as the need for new products and capital efficiencies becomes more important. The $3.2-billion-dollar deal gives the CBOE, our Chicago neighbor, a wonderful compliment to its existing market share.
One of the ancillary effects of exchange space consolidation is the lack of new product lines and services which do not cannibalize existing market share. It has become an increasing concern among the large players that the world has not come up with a new risk management tool for the growing digital age. Enter UCX! As we witness this evolution in the financial services, the new asset class being developed and traded by UCX will be recognized as the world’s greatest commodity…Not today or tomorrow but certainly in the coming decade.
We at UCX wish our friends at BATS and CBOE the very best! Again, congratulations on what is a win-win deal for everyone concerned.