LONDON, July 26, 2021 /PRNewswire/ -- Cboe
Europe, the pan-European exchange operator and subsidiary of Cboe
Global Markets, Inc. (Cboe: CBOE), today announced that it has
received the necessary regulatory approvals to launch Cboe Europe
Derivatives, a new Amsterdam-based
futures and options market, on 6 September, 2021.
Cboe Europe B.V. (Cboe NL), Cboe Europe's subsidiary in
Amsterdam, is now authorized to
operate a Regulated Market for equity index futures and options,
which will be regulated by the Dutch Authority for the Financial
Markets (AFM). EuroCCP, Cboe's pan-European CCP, is also granted
permission by the Central Bank of the
Netherlands (DNB) to clear equity derivatives.
Cboe Europe Derivatives is planned to launch with the trading of
futures and options based on six Cboe Europe indices: the Cboe
Eurozone 50, Cboe UK 100, Cboe Netherlands 25, Cboe
Switzerland 20, Cboe Germany 30, and Cboe France 40 – all
calculated using Cboe market data. EuroCCP will provide clearing
services for the platform. The exchange 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 approval.
Ade Cordell, president of Cboe NL, said: "We are delighted to
reach this significant milestone for Cboe Europe Derivatives. The
regulatory approval for a competitive and pan-European marketplace
for equity derivatives is expected to accelerate the momentum we
are seeing from market participants for an efficient market
designed to address their needs. The launch of this exchange is a
critical step in realizing Cboe's overarching vision to build one
of the world's largest derivatives and securities networks,
creating a consistent, world-class experience for our global
customer base."
Cécile Nagel, president of EuroCCP, said: "This marks a
watershed moment in EuroCCP's growth strategy, as it diversifies
beyond cash equities and becomes a truly multi-asset class clearing
house. We look forward to supporting Cboe Europe Derivatives in
helping to bring efficiencies and cost savings to participants in
Europe's equity derivatives
market, particularly through portfolio margining."
The launch of Cboe Europe Derivatives underscores Cboe's
commitment to becoming a truly global market infrastructure
operator, entering new markets around the world and providing a
consistent experience for its global customer base. This new
exchange will leverage Cboe's global derivatives expertise and
European equity trading and clearing footprint to help bring a
modern, on-screen market structure utilized in
the U.S. to Europe and to help grow the
region's equity derivatives market overall. By taking a
pan-European approach, Cboe Europe Derivatives will help enable
market participants to access a vibrant derivatives market through
a single access point, creating efficiencies in trading and
clearing.
Additional information about Cboe Europe Derivatives is
available 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.
Media
Contacts
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Analyst
Contact
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Tim
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Angela
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Debbie
Koopman
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+44-20-7012-8950
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+1-646-856-8734
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+1-312-786-7136
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tcave@cboe.com
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atu@cboe.com
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koopman@cboe.com
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Cautionary Statements Regarding Forward-Looking
Information
Certain information contained in this press
release may constitute forward-looking statements. We caution
readers not to place undue reliance on any forward-looking
statements, which speak only as of the date made and are subject to
a number of risks and uncertainties.
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SOURCE Cboe Global Markets, Inc.