CBOE Starts Platform for Trading Private Company Shares (1)

CBOE Global Markets Inc. is partnering with a London-based tech firm to create a US trading platform for shares of closely held companies, a traditionally illiquid market that investors have increasingly sought to access.

CBOE Private Markets registered with the Financial Industry Regulatory Authority as a broker-dealer, according to a filing in August — an essential step in setting up a so-called alternative trading system. The new venue will compete with a platform that Nasdaq Inc. spun out in 2021.

Investors have clamored for access to private ventures in recent years amid an extended dry spell in the market ...