Interactive Brokers Launches Trading on Cboe Europe Derivatives (CEDX)
Interactive Brokers (Nasdaq: IBKR) has introduced European stock options and European index futures and options through Cboe Europe Derivatives (CEDX). This new offering enhances Interactive Brokers' existing range of financial instruments, allowing clients to trade over 300 stock options on leading European companies and equity index derivatives from a single platform. Additionally, CEDX’s exchange, market data, and connectivity fees are waived until the end of 2024. Milan Galik, CEO of Interactive Brokers, emphasized the move as part of their commitment to providing clients with a wide range of products at low cost. Iouri Saroukhanov, Head of European Derivatives at Cboe Europe, highlighted this as a significant milestone for CEDX.
- Addition of European stock options and index futures via CEDX.
- Clients can trade over 300 stock options on European companies from 14 countries.
- Integration with CEDX complements existing offerings through Eurex and Euronext.
- CEDX’s exchange, market data, and connectivity fees are waived until the end of 2024.
- Provides a single unified platform for trading a wide range of financial instruments.
- Reinforces commitment to offering diverse products at low cost.
- Potential risk of market volatility affecting new European derivatives.
- Increased competition in the European derivatives market.
- Operational complexity in integrating CEDX with existing platforms.
Insights
The addition of European stock options and equity index futures and options through Cboe Europe Derivatives (CEDX) by Interactive Brokers (IBKR) is strategically significant. By expanding its European derivatives offerings, IBKR aims to attract more traders seeking to diversify their portfolios with European assets. This move aligns with the growing trend of using derivatives to hedge investments and manage risk. Importantly, the waiving of exchange, market data and connectivity fees until the end of 2024 is a
Investors might find this expansion particularly attractive due to the ease of access to a larger variety of financial instruments within a single platform.
This initiative by Interactive Brokers to integrate CEDX could have a profound impact on its market positioning and competitiveness. By offering a broader array of European financial instruments, IBKR is likely to cater to a growing demographic of sophisticated retail and institutional investors in Europe and beyond. The European derivatives market has been somewhat underrepresented compared to the US and this move could help bridge that gap, potentially leading to increased trading volumes on the platform.
The strategic partnership with Cboe Europe is noteworthy. Cboe is a prominent name in the derivatives market, lending IBKR a competitive edge. Additionally, waiving fees until the end of 2024 is a compelling offer that could significantly boost the adoption rate. The focus on well-known benchmarks like the Cboe Eurozone 50 and the Cboe UK 100 makes these offerings relevant and potentially lucrative for traders looking at macro-economic trends.
Exchange Offers European Stock Options, Equity Index Options and Equity Index Futures
Adding access to CEDX complements Interactive Brokers’ existing European equity derivatives offering through Eurex and Euronext and gives clients an additional way to manage European investments. With CEDX, Interactive Brokers' clients can trade over 300 stock options on leading European companies from 14 countries and European equity index derivatives. Futures and options contracts based on Cboe Europe single country and pan-European indices are available on well-known benchmarks, including Cboe Eurozone 50, Cboe Germany 40 and Cboe
Milan Galik, Chief Executive Officer of Interactive Brokers, stated, “The introduction of Cboe Europe Derivatives underscores our commitment to providing clients with an extensive range of products to enhance their trading strategies at low cost. As investors increasingly use derivatives to diversify and fine-tune market exposure, CEDX broadens the investment options available for our clients.”
Iouri Saroukhanov, Head of European Derivatives, Cboe Europe, added, “We’re thrilled that clients of Interactive Brokers can now access Cboe Europe Derivatives’ suite of pan-European equity derivatives contracts. This is a significant milestone in CEDX’s journey to improve the ability of retail investors to gain access to and benefit from European derivatives, particularly options.”
For more information on CEDX European stock options and equity index derivatives at Interactive Brokers, please visit:
US - Cboe Europe Derivatives (CEDX) (US and other countries served by IB LLC)
The Best Informed Investors Choose Interactive Brokers
About Interactive Brokers Group, Inc.:
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron’s, Investopedia, Stockbrokers.com, and many others.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240611475625/en/
Contact for Interactive Brokers Group, Inc. Media: Katherine Ewert, media@ibkr.com
Source: Interactive Brokers Group, Inc.
FAQ
What new trading options has Interactive Brokers introduced through CEDX?
Which benchmarks are available for trading on CEDX?
Are there any fees waived for trading on CEDX via Interactive Brokers?
How many European stock options can Interactive Brokers' clients trade on CEDX?
What is the significance of Interactive Brokers' integration with CEDX?
