2 of the biggest exchange groups in the US have agreed to merge (BATS)

The Chicago Board of Options (CBOE) has agreed to buy Bats Global Markets in a $3.2 billion deal, a statement said on Monday.CBOE will fund the transaction through a combination of stock and debt."The transaction will significantly expand CBOE Holdings product line across asset classes, broaden itsgeographic reach with Bats strong pan-European equities and global FX positions, and diversify itsbusiness mix with significant non-transactional revenue streams," the statement said."CBOE Holdings expects to utilize Batsleading proprietary trading technology by migrating trading in all of the combined companys marketsonto a single, proven platform."More to come ...Join the conversation about this storyNOW WATCH: KRUGMAN: Obamacare was done 'on the cheap' and now it is struggling
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