Cboe Europe Derivatives Is Set to Launch in September

Cboe Europe recently announced that it has planned to launch Cboe Europe Derivatives, a new derivatives exchange based in Amsterdam. The new exchange is expected to roll out on 6 September 2021, subject to regulatory approvals.

According to Cboe, the exchange was supported by a broad range of participants, including banks, clearing firms, market-makers and proprietary trading firms. All of them want to help contribute to the provision of liquidity and client order flow on Cboe Europe Derivatives.

Participant bank and clearing firms currently include ABN AMRO Clearing, Goldman Sachs and Morgan Stanley. Participant market-makers and proprietary trading firms currently include All Options, Da Vinci Derivatives, DRW, Flow Traders, Liquid Capital Markets and Susquehanna International Securities.

As detailed in the official announcement, Cboe Europe Derivatives will utilise Cboe's global derivatives expertise and European equity trading and clearing footprint in order to bring a modern, on-screen market structure utilized in the U.S. to Europe and to grow the region's equity derivatives market overall. EuroCCP, Cboe's pan-European clearing operator, will provide clearing services for the venue, subject to regulatory approval. Cboe Europe Derivatives will enable market participants to access a vibrant derivatives market through a single access point, creating efficiencies in trading and clearing.

Cboe Europe Derivatives will be a part of Cboe NL, Cboe's Netherlands-based exchange, and initially allow to trade in futures and options based on six Cboe Europe Indices: the Cboe Eurozone 50, Cboe UK 100, Cboe Netherlands 25, Cboe Switzerland 20, Cboe Germany 30, and Cboe France 40.