LONDON and CHICAGO, Feb. 8,
2021 /PRNewswire/ -- ETFS Capital, a strategic
investment company, today announced it has acquired the business of
ETF.com, one of the world's leading authorities on ETF news,
analysis and education, from Cboe Global Markets (Cboe), a market
operator and global trading solutions provider.
ETF.com was founded in 2001 with a mission to deliver clear,
independent and authoritative exchange traded fund (ETF) news,
analysis and education to help participants make better investment
decisions. When Cboe (previously Bats) acquired ETF.com in 2016,
its goal was to help retail investors and advisors understand the
benefits of ETFs through best-in-class educational content. Under
Cboe's ownership, ETF.com expanded its multimedia business with
webinars, events, videos and podcasts, growing its readership and
solidifying ETF.com as a leading media platform serving the wider
ETF industry.
The global ETF industry continues to grow rapidly, reaching a
record U.S. $8 trillion in assets
under management (AUM) across more than 6,500 ETFs by the end of
2020 (source: ULTUMUS). ETF.com has evolved in tandem with the
growing choice and complexity of the ETF market, offering
participants the resources and tools needed to keep pace with this
fast-growing market.
Graham Tuckwell, Chairman,
ETFS Capital, said: "The ongoing record growth of the global
ETF industry is an incredible opportunity for an industry-leading
resource like ETF.com. All participants want more effective and
innovative ways to share, analyse and understand the evolution of
the global ETF industry, so we are acquiring and further investing
in ETF.com to make this a reality." Tuckwell added: "ETF.com is
also expected to benefit from the related businesses and expertise
across our portfolio, covering data, analytics, index services and
front office technology amongst others, to help unlock further
innovation opportunities."
Created by ETF industry veterans and chaired by Graham Tuckwell, an ETF industry pioneer and
founder of ETF Securities, ETFS Capital is focused on growth
opportunities across the investment ecosystem. ETF.com joins its
portfolio alongside ETF Stream, the leading European ETF website,
and AltFi, the market-leading website for the global fintech
community.
Laura Morrison, Senior Vice
President, Global Head of Listings, Cboe Global Markets, said:
"We are thrilled to have ETF.com join the ETFS Capital group. Cboe
is a passionate champion for the global ETF industry and we believe
the innovative thinking, deep experience and planned investment
from ETFS Capital in the business and people of ETF.com will not
only grow this journalistic enterprise into a global media brand,
but also benefit the ETF industry as a whole. Cboe plans to
continue offering ETF.com's excellent resources and marketing
services to our listings and trading clients as its global
footprint broadens." Morrison added: "This deal also creates the
opportunity for related collaboration between Cboe and ETFS Capital
over time."
Drew Voros, Editor-in-Chief of
ETF.com, said: "We are excited to join the ETFS Capital group,
which shares both Cboe and ETF.com's commitment to growing the ETP
space through analysis, news coverage, education and data. Over the
years, ETF.com has benefitted from Cboe's strengths as one of the
leading and fastest growing marketplaces for ETPs to expand our
readership, voice and presence globally. We look forward to having
ETFS Capital's support in our continued success and creating a new
relationship with Cboe to serve the ETF investing community."
Terms of the deal were not disclosed. The acquisition is
immaterial from a financial perspective for Cboe Global
Markets.
To learn more about ETF.com, visit www.etf.com.
About ETFS Capital
ETFS Capital is a strategic
investment company focused on growth opportunities across the
investment ecosystem.
Created by ETF industry veterans and chaired by Graham Tuckwell, an ETF industry pioneer and
founder of ETF Securities. In 2018 ETF Securities sold its European
and North American asset management businesses to WisdomTree, Legal
& General Investment Management and Aberdeen Standard and
became ETFS Capital.
We provide more than just capital to our investee firms. By
utilising our experience of building and exiting successful
companies, we actively support their growth and development.
Tailored to their individual needs, we also provide strategic
advice, operational guidance and access to our growing network. For
qualifying investee firms, there is also the possibility of
NextStage, our exclusive shared workspace in London.
Today, our purpose is to discover and empower the innovation-led
companies driving change, typically technology-enabled, and help
them become tomorrow's leaders.
Media contact: Caspar
Robson +44 7887 854081 caspar.robson@etfscapital.com
About Cboe Global Markets, Inc.
Cboe Global Markets
(Cboe: CBOE) provides cutting-edge trading and investment solutions
to market participants around the world. The company is committed
to defining markets through product innovation, leading edge
technology and seamless trading solutions.
The company offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S., Canadian and European equities, exchange-traded products
(ETPs), global foreign exchange (FX) and volatility products based
on the Cboe Volatility Index (VIX Index), recognized as the world's
premier gauge of U.S. equity market volatility.
Cboe's subsidiaries include the largest options exchange and the
third largest stock exchange operator in the U.S. In addition, the
company operates one of the largest stock exchanges by value traded
in Europe, and owns EuroCCP, a
leading pan-European equities clearing house. Cboe also is a
leading market globally for ETP listings and
trading.
The company is headquartered in Chicago with a network of domestic and global
offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas
City and Amsterdam. For
more information, visit www.cboe.com.
Media
Contacts
Angela Tu
+1-646-856-8734
atu@cboe.com
|
Tim Cave
+44 (0)
7593-506-719
tcave@cboe.com
|
Analyst
Contact
Debbie
Koopman
+1-312-786-7136
koopman@cboe.com
|
All information in this press release concerning ETFS
Capital, including its expectations and plans with respect to
ETF.com, has been provided by ETFS Capital. Cboe Global Markets,
Inc. and its affiliates have no knowledge of or responsibility for
the accuracy or completeness of such information.
Cboe Global Markets, Inc. and its affiliates do not recommend
or make any representation as to possible benefits from any ETFs,
securities, futures or investments, or third-party products or
services. Cboe Global Markets, Inc. is not affiliated with ETFS
Capital, ETF securities, ETF Stream or Altfi Investors should
undertake their own due diligence regarding their ETFs, securities,
futures and investment practices. This press release speaks only as
of this date. Cboe Global Markets, Inc. disclaims any duty to
update the information herein.
Nothing in this announcement should be considered a
solicitation to buy or an offer to sell any ETFs, securities or
futures in any jurisdiction where the offer or solicitation would
be unlawful under the laws of such jurisdiction. Nothing contained
in this communication constitutes tax, legal or investment advice.
Investors must consult their tax adviser or legal counsel for
advice and information concerning their particular
situation.
Cboe Global Markets, Inc. and its affiliates make no
warranty, expressed or implied, including, without limitation, any
warranties as of merchantability, fitness for a particular purpose,
accuracy, completeness or timeliness, the results to be obtained by
recipients of the products, information and services described
herein, and shall not in any way be liable for any inaccuracies or
errors..
Cautionary Statements Regarding Forward-Looking
Information
This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve a number of
risks and uncertainties. You can identify these statements by
forward-looking words such as "may," "might," "should," "expect,"
"plan," "anticipate," "believe," "estimate," "predict," "potential"
or "continue," and the negative of these terms and other comparable
terminology. All statements that reflect our expectations,
assumptions or projections about the future other than statements
of historical fact are forward-looking statements. These
forward-looking statements, which are subject to known and unknown
risks, uncertainties and assumptions about us, may include
projections of our future financial performance based on our growth
strategies and anticipated trends in our business. These statements
are only predictions based on our current expectations and
projections about future events. There are important factors that
could cause our actual results, level of activity, performance or
achievements to differ materially from those expressed or implied
by the forward-looking statements.
We operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible to predict all risks and uncertainties, nor
can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
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Some factors that could cause actual results to differ
include: the impact of the novel coronavirus ("COVID-19") pandemic,
including changes to trading behavior broadly in the market as well
as due to the temporary suspension of open outcry trading in
response to COVID-19; the loss of our right to exclusively list and
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industry; decreases in trading or clearing volumes, market data
fees or a shift in the mix of products traded on our exchanges;
legislative or regulatory changes; our ability to protect our
systems and communication networks from security risks,
cybersecurity risks, insider threats and unauthorized disclosure of
confidential information; increasing competition by foreign and
domestic entities; our dependence on and exposure to risk from
third parties; fluctuations to currency exchange rates; our index
providers' ability to maintain the quality and integrity of their
indices and to perform under our agreements; our ability to operate
our business without violating the intellectual property rights of
others and the costs associated with protecting our intellectual
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management and other personnel; our ability to accommodate trading
and clearing volume and transaction traffic, including significant
increases, without failure or degradation of performance of our
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obligations, including managing potential conflicts between our
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methods to effectively monitor and manage our risks; our ability to
manage our growth and strategic acquisitions or alliances
effectively; restrictions imposed by our debt obligations and our
ability to make payments on or refinance our debt obligations; our
ability to maintain an investment grade credit rating; impairment
of our goodwill, long-lived assets, investments or intangible
assets; and the accuracy of our estimates and expectations. More
detailed information about factors that may affect our actual
results to differ may be found in our filings with the SEC,
including in our Annual Report on Form 10-K for the year ended
December 31, 2019 and other filings
made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to
update any forward-looking statement whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof.
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SOURCE Cboe Global Markets, Inc.