Cboe Europe Derivatives to launch new equity index products
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 stock index futures and options products to be traded on Cboe Europe Derivatives (CEDX), its amsterdamequity derivatives exchange.
Futures and options will be launched on four other Cboe Europe single country benchmarks: Cboe Italy 40, Cboe Norway 25, Cboe Spain 35 and Cboe Sweden 30. These eight new products are expected to be available for trading on CEDX from Wednesday, April 27, with clearing provided by EuroCCP, Cboe’s pan-European clearinghouse.
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 the launch last September, comprising futures and options on six Cboe Europe indices: Cboe Eurozone 50, Cboe France 40, Cboe Germany 40, Cboe Netherlands 25, Cboe Switzerland 20 and Cboe UK 100. Full contract specifications are available at http://www.cboe.com/europe/derivatives/products.
Ade Cordell, President of Cboe Netherlands, said, “We are extremely pleased with the progress CEDX has made since launch, with strong levels of customer engagement and solid month-over-month volume growth. The launch of this second product phase expands our range of equity index products to cover other key European markets, providing clients with a tool to effectively manage their exposures to European indices through a single marketplace We are excited to continue working with our customers to grow this market and add more products over time.”
Cécile Nagel, President of EuroCCP, said: “We are delighted to support the expansion of CEDX by providing clearing services for these new products. We believe clients are already seeing the benefits of this pan-European equity index marketplace through the ability to trade and clear products from anywhere. Europe through a single stock exchange and clearinghouse. We look forward to continuing to support CEDX as it grows.”
CEDX is a new pan-European derivatives marketplace that enables participants to access a dynamic equity derivatives market through a single point of access, creating efficiencies in trading and clearing. CEDX offers futures and options trading based on the main 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 behave very closely to comparable benchmark indices. CEDX is part of Cboe Netherlands, Cboe’s amsterdam(Cboe Europe BV), with clearing provided by EuroCCP, Cboe’s pan-European clearinghouse.
Additional information about CEDX is available at CBO website.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, provides industry-leading trading, clearing and investment solutions to market participants worldwide. The company is committed to tapping into an inclusive and trusted global marketplace, delivering industry-leading products, technologies and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products across multiple asset classes, including equities, derivatives and FX, in North America, Europe and Asia-Pacific. To learn more, visit www.cboe.com.
Cboe®, Cboe Volatility Index®, VIX® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. References to Cboe Europe are references to Cboe Europe Limited unless otherwise specified. References to Cboe NL are references to Cboe Europe BV
This information is not provided in connection with an offer or sale of futures or options products to persons located in United States.
Cboe Global Markets, Inc. and its affiliates do not endorse or make any representations as to the possible benefits of any derivative, security, futures or investment, or third-party product or service. Investors should undertake their own due diligence regarding their derivatives, securities, futures contracts and investment practices. This press release only speaks from this date. Cboe Global Markets, Inc. disclaims any obligation to update the information contained herein. Nothing in this announcement should be construed as a solicitation to buy or an offer to sell derivatives, securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of that jurisdiction. Nothing in this communication constitutes tax, legal or investment advice. Investors should consult their tax or legal advisor for advice and information relating to their particular circumstances.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, ” potential “. ” or “continue” and the negative of these and other comparable terms. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business These statements are only predictions based our current expectations and projections regarding future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. .
We operate in a highly competitive and rapidly changing environment. New risks and uncertainties arise from time to time, and it is not possible to predict all risks and uncertainties, or to assess the impact of all factors on our business or the extent to which any one factor or combination of factors, could cause actual results to differ materially from those contained in the forward-looking statements.
Among the factors that could cause actual results to differ, include: the loss of our right to exclusively quote 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; a decrease in trading or clearing volumes, market data fees or a change in the range of products traded on our exchanges; legislative or regulatory developments or changes in tax regimes; our ability to protect our communications systems and networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; our ability to attract and retain qualified executives and other personnel; increased competition from foreign and domestic entities; our dependence and exposure to third-party risks; exchange rate fluctuations; factors that affect the quality and integrity of our indices; the impact of the novel coronavirus (“COVID-19”) pandemic, including changes in general business behavior in the marketplace; our ability to operate our business without infringing the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize risks, including our credit and default risks, associated with operating a European clearinghouse; our ability to handle trading and clearing volume and transaction traffic, including significant increases, without failure or performance degradation of our systems; the misconduct of those who use our marketplaces or products or for whom we transact; challenges in our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our status as a for-profit company; our ability to maintain BIDS Trading as an independently managed and operated trading platform that is separate from and not integrated with our registered national stock exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to effectively manage our growth and strategic acquisitions or alliances; restrictions imposed by our debt securities and our ability to make payments or refinance our debt securities; 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 could affect our actual results can be found in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2021 and other documents filed from time to time with the SEC.
We do not undertake, and we expressly disclaim any obligation, to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
SOURCECboe Global Markets, Inc.