09.07.2021

Cboe and EuroCCP Debut European Derivatives Market

09.07.2021
Shanny Basar
Cboe and EuroCCP Debut European Derivatives Market
  • 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

Cboe Europe, the pan-European exchange operator and subsidiary of Cboe Global Markets, Inc. (Cboe: CBOE),  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.

Source: Cboe

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