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CBOE-Bats merger could mean cost cuts

from Crain's Chicago Business

A CBOE Holdings acquisition of Bats Global Markets could jump-start its sagging growth rate, but it might mean cost-cutting at its Chicago headquarters — at least in the short term. CBOE, which owns and operates the Chicago Board Options Exchange and the smaller electronic C2 exchange, is reportedly announced plans to buy rival Lenexa, Kan.-based Bats this morning. A spokesman for Bats declined comment, and CBOE didn't respond to requests for comment. more

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