Cboe Europe Derivatives To Launch New Equity Index Products
Cboe Global Markets (CBOE) announced the upcoming launch of new equity index futures and options on April 27, 2022, on Cboe Europe Derivatives in Amsterdam. This expansion includes four additional country index benchmarks, increasing the total to 20 products available for trading. The move aims to broaden Cboe's equity index product suite, enhancing customer tools for managing European index exposures. The clearing of these new products will be handled by EuroCCP, further supporting the growth of CEDX, the pan-European derivatives marketplace.
- Launch of 8 new products increases total to 20 on CEDX.
- Expansion enhances Cboe's equity index offering in key European markets.
- Strong customer participation and increasing trading volumes reported.
- None.
AMSTERDAM and LONDON, April 19, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced the planned launch of new equity index futures and options products for trading on Cboe Europe Derivatives (CEDX), its Amsterdam-based equity derivatives exchange.
Futures and options will be launched on four additional Cboe Europe single country index benchmarks: the Cboe Italy 40, Cboe Norway 25, Cboe Spain 35 and Cboe Sweden 30. These eight new products are planned to be made available for trading on CEDX starting Wednesday, 27 April, with clearing provided by EuroCCP, Cboe's pan-European clearing house.
The addition of these products brings the total number of products available for trading on CEDX to 20, adding to the 12 products made available at launch last September, comprising futures and options on six Cboe Europe indices: the Cboe Eurozone 50, Cboe France 40, Cboe Germany 40, Cboe Netherlands 25, Cboe Switzerland 20 and Cboe UK 100. Full contract specifications can be found at http://www.cboe.com/europe/derivatives/products.
Ade Cordell, President of Cboe Netherlands, said: "We have been extremely pleased with the progress made by CEDX since its launch, with strong levels of customer participation and a solid increase in volumes month-over-month. The launch of this second phase of products broadens our equity index product suite to cover additional key European markets providing customers with a tool to efficiently manage their European index exposures via a single marketplace. We are excited to continue working with our customers to build this market and add further products over time."
Cécile Nagel, President of EuroCCP, said: "We are delighted to be supporting CEDX's expansion by providing clearing services for these new products. We believe customers are already seeing the benefits offered by this pan-European equity index marketplace through the ability to trade and clear products from across Europe via a single exchange and clearing house. We look forward to further supporting CEDX as it continues to grow."
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. These indices, which are all calculated using Cboe market data, are transparently designed and managed under the same set of rules and perform closely in line with comparable benchmarks. CEDX forms part of Cboe Netherlands, Cboe's Amsterdam-based exchange (Cboe Europe B.V.), with clearing provided by EuroCCP, Cboe's pan-European clearing house.
Additional information about CEDX 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.
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Some factors that could cause actual results to differ include: 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 or changes in tax regimes; our ability to protect our systems and communication networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; fluctuations to currency exchange rates; factors that impact the quality and integrity of our indices; the impact of the novel coronavirus ("COVID-19") pandemic, including changes to trading behavior broadly in the market; 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 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; the accuracy of our estimates and expectations; litigation risks and other liabilities; and if the acquisition of ErisX is consummated, operating a digital asset business. 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, 2021 and other filings made from time to time with the SEC.
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