- Cboe Europe Derivatives launched on Monday 6 September with clearing provided by EuroCCP, Cboe's pan-European clearing house
- First trades successfully executed and cleared
- New exchange underscores Cboe's growth as a global market infrastructure provider
LONDON, Sept. 7, 2021 /PRNewswire/ -- Cboe Europe, the pan-European exchange operator and subsidiary of Cboe Global Markets, Inc. (Cboe: CBOE), today announced the successful launch of Cboe Europe Derivatives ('CEDX'), a new Amsterdam-based futures and options marketplace.
CEDX opened for trading on Monday 6 September, offering futures and options based on Cboe Europe single country and pan-European indices, and successfully executed and cleared its first trades. Contracts traded on CEDX are cleared at EuroCCP, Cboe's pan-European clearing house, allowing customers to benefit from efficiencies in trading and clearing.
Ade Cordell, president of Cboe NL, said: "We are delighted to have successfully launched CEDX and are encouraged by the levels of customer interaction we've seen already. With the support of our launch participants, we have brought to life a brand-new exchange, clearing house and futures and options product suite. We couldn't be more excited for the future growth of this marketplace and Europe's equity derivatives market overall."
Cécile Nagel, president of EuroCCP, said: "EuroCCP is delighted to have supported CEDX's successful launch and to be part of a new and innovative marketplace for European equity derivatives. This is a significant milestone in our growth and diversification journey. We are committed to providing market participants with a best-in-class service for the clearing and efficient margining of European equity derivatives and meaningful cost savings."
CEDX plans to add futures and options on additional European benchmarks, along with single stock options, at a later date, based on customer demand and subject to regulatory approvals. The exchange is a key element of Cboe's aim to become the world's leading derivatives and securities trading network, entering new markets around the world and providing a consistent experience for its global customer base.
CEDX is a new pan-European derivatives marketplace which enables participants to access a vibrant equity derivatives market through a single access point, creating efficiencies in trading and clearing. CEDX offers trading in futures and options based on key Cboe Europe indices, including the Cboe Eurozone 50, Cboe UK 100, Cboe Netherlands 25 and Cboe France 40 – all calculated using Cboe market data. This market forms part of Cboe NL, Cboe's Netherlands-based exchange (Cboe Europe B.V.), with clearing provided by EuroCCP, Cboe's pan-European clearing house.
Additional information about CEDX is available at on the Cboe website.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.
Cboe®, VIX® and Cboe Volatility Index® are registered trademarks and Cboe Global MarketsSM is a service mark of Cboe Exchange, Inc. References to Cboe Europe are references to Cboe Europe Limited unless otherwise stated. References to Cboe NL are references to Cboe Europe B.V This information is not being provided as part of an offer or sale of any futures or options products to any persons located within the United States.
Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any derivatives, securities, futures or investments, or third-party products or services. Investors should undertake their own due diligence regarding their derivatives, 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 derivatives, 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.
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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; the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our 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 property rights; our ability to attract and retain skilled management and other personnel; our ability to minimize the risks, including our credit and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management 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, 2020 and other filings made from time to time with the SEC.
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