Cboe Global Markets Inc. announces that Cboe Europe Derivatives (CEDX), its pan-European equity derivatives exchange, has welcomed three new Trading Participants. These firms are Barak Capital Israel, Barak Capital Market Making B.V. and TTG Capital Limited.

CEDX Trading Participants gain access to a range of pan-European and single-country equity index futures and options contracts via a single marketplace, offering significant efficiencies from a trading and clearing perspective. The exchange is also bringing a modern, on-screen market structure – similar to that utilised in the US – to Europe, to help grow the region’s derivatives markets overall. Full CEDX contract specifications can be found at http://www.cboe.com/europe/derivatives/products. CEDX is planning to further expand its range of products in 2023, subject to regulatory approvals.

Iouri Saroukhanov, Head of European Derivatives, Cboe Europe, said: “We’re pleased to welcome these new Trading Participants to CEDX and further diversify the liquidity available on our market. Their participation demonstrates the broad appeal of CEDX’s innovative, pan-European model, which is designed to promote deep and liquid on-screen markets and is already bringing greater transparency and efficiencies to the region’s derivatives markets.”

Barak Capital is an Israel-based investment group, powered by advanced technology with its focus on proprietary trading, research and development. It is an official market maker on several exchanges around the world in Indices, FX, Fixed Income, ETFs and Equities products. The firm opened a branch in Amsterdam in 2021, called Barak Capital Market Making B.V.

TTG Capital is a leading proprietary trading firm focussed on prop trading, liquidity provision and market-making across the listed derivatives markets.  Established in 2008 and with its headquarters in London, TTG Capital enables its team of professional traders to access global futures and options, supported by the systems and expertise required to ensure optimal performance.

Uri Peles, Head of Business Development at Barak Capital, said: “Barak Capital Israel is delighted to become a Trading Participant and a market maker on CEDX. By providing liquidity on the exchange’s products we aim to make European markets more efficient and transparent.”

Nadav Attar, Managing Director at Barak Capital Market Making B.V., said: “Barak Capital Market Making B.V. is pleased to have joined CEDX and provide reliable and tightly-priced liquidity. We support the innovative approach the exchange is taking to help grow Europe’s equity derivatives and have greatly appreciated its smooth onboarding process.”

Christian Browne, Chief Operating Officer, at TTG Capital, said: “TTG Capital is proud to have joined CEDX and we look forward to our traders and trading groups being active participants across  its innovative range of pan-European equity derivatives contracts.”

Source: Cboe