Cboe and EuroCCP Debut New European Derivatives Market
Cboe Europe has successfully launched Cboe Europe Derivatives (CEDX), a new futures and options marketplace based in Amsterdam. Trading commenced on September 6, 2021, with contracts cleared by EuroCCP, enhancing trading efficiencies. CEDX offers products based on Cboe's European indices, such as the Cboe Eurozone 50. The launch represents a strategic move to broaden Cboe's offerings in the European equity derivatives market, aiming for future growth and diversification.
- Successful launch of CEDX with initial trades executed.
- Expansion into the European equity derivatives market enhances Cboe's product offerings.
- Clearing services provided by EuroCCP improve trading efficiency.
- None.
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.
About CEDX
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.
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