Cboe Europe Expands Equities Trading into New Markets

Cboe will also extend its existing settlement solutions to trades in the new securities.

Cboe Europe, Europe’s largest stock exchange operator, is to offer trading in Polish, Hungarian and Czech most liquid stocks from November 5, 2018.

The addition of WIG20 Index (Poland), BUX Index (Hungary) and PX Index (Czech Republic) means that Cboe Europe will now offer trading across 18 of Europe’s markets, the greatest breadth of any exchange in the region.

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Cboe will also extend its existing settlement and post-trade solutions to trades in Hungarian and Czech securities, with Participants being able to choose from EuroCCP, LCH.Clearnet or SIX x-clear as their central counterparty. In turn, Polish securities will be settled on EuroCCP and LCH.Clearnet.

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The exchange operator now makes it possible to trade over 6000 of Europe’s most liquid securities on a single platform, and the addition of the three new markets extends that model even further across the continent.

Commenting on the news, Mark Hemsley, President of Cboe Europe, said: “We are delighted to expand our business and extend coverage to these new markets as we strive to simplify cross-border trading for the benefit of investors across Europe. Trading participants in these markets will benefit from increased choice and will have access to Cboe’s world-class technology, strong liquidity, and innovative trading solutions.”

Cboe Europe is the new brand created after CBOE and Bats Europe unveiled new corporate identities following the completion of their $3.4 billion merger in 2017. In addition, its block trading platform, formerly known as Bats LIS, changed its name to Cboe LIS, while its FX business Hotspot also rebranded to become Cboe FX.

Earlier in August, its parent company, Cboe, told market makers that the debut of Ethereum futures is drawing near. The largest options and futures exchange in the US is, however, waiting on additional clarity from the CFTC.

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