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Brokers rush to back trading alternatives

Lime Brokerage has bought a stake in a US stock exchange, making it the third broker this week to spread its bets by investing in several distinct trading venues.

Lime Brokerage, a New York-based broker to hedge funds and asset managers, has bought an undisclosed minority stake in the CBOE Stock Exchange, the stock market launched by the leading US options market in March last year. The financial terms of the investment were not disclosed.

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