BlackRock completed the acquisition of the remaining stake in SpiderRock Advisors.

BlackRock, an American multinational investment company, completed the acquisition of the remaining stake in SpiderRock Advisors, an asset management firm. Financial terms were not disclosed. “We are excited to partner with BlackRock and broaden access to innovative option management solutions. Together, we aim to empower more advisors in delivering tailored option overlay strategies to their clients,” Eric Metz, SpiderRock Advisors President and Chief Investment Officer.