The three banks were on September 26 among the firms named as advisers on a $ 3.2 billion agreed takeover of Bats Global Markets by the Chicago options giant CBOE.
Barclays and UBS are advising Bats, with BAML working with the US advisory boutique Broadhaven Capital Partners for CBOE on the tie-up, as well as providing the financing.
The two exchanges said they had entered into a “definitive agreement” over a $ 3.2 billion cash-and-stock deal.
CBOE is the largest options exchange in the US, while Bats runs one of the biggest stock exchanges in the US and the largest in Europe, as well as running venues for US options trading
For Barclays, UBS and BAML, it represents work on another landmark deal in the global exchange sector in 2016.
All three are already advising on the London Stock Exchange Group’s planned merger with Deutsche Börse, a deal about which talks first emerged in early 2016; Barclays and UBS are on the LSE’s side of the deal table, with BAML among the advisers to the German exchange.
Broadhaven, which has offices in New York and Chicago, is also no stranger to advising on takeovers involving exchange groups.
Recent high-profile deals the firm has worked on include the LSE’s sale of Russell Investments to the private equity firm TA Associates, on which it advised the buyer; and representing Intercontinental Exchange on its acquisition of the financial data provider Interactive Data.
CBOE and Bats said in a statement that following the completion of the deal, expected in the first half of 2017, CBOE’s chief executive Edward Tilly would continue to lead the combined group, while Chris Concannon, his opposite number at Bats, would become president and chief operating officer.
The combined group with be based in Chicago.
CORRECTION: Talks over a potential merger between the LSE and Deutsche Börse first emerged in early 2016, not 2015 as previously reported.