EuroCCP Announces Its Rebrand to Cboe Clear Europe

EuroCCP, a leading pan-European clearing house and subsidiary of Cboe Global Markets, Inc., today announced it has rebranded to Cboe Clear Europe with immediate effect. Cboe acquired EuroCCP on 1 July 2020, bringing together two companies that have long championed competition, open access and clearing interoperability in Europe.

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Under Cboe's ownership, Cboe Clear Europe has enhanced its position as the leading pan-European cash equities clearing house, by expanding the number of venues it provides clearing services to from 37 to 47, which provides it with access to approximately 95 per cent of all European equity trades.

Arnoud Siegmann, Interim President and Chief Operating Officer of Cboe Clear Europe, said: "Cboe's acquisition has already enabled a step-change in our business, and we feel now is the right time to rebrand as Cboe Clear Europe as we pursue continued growth wherever we can bring most value for our venues, members and clients. It clearly demonstrates our Cboe ownership and provides us with a globally recognized brand when it comes to the services we offer."

Cboe Clear Europe has also successfully diversified into equity derivatives clearing in support of Cboe Europe Derivatives (CEDX), Cboe's pan-European derivatives exchange which launched in September 2021.

Natan Tiefenbrun, President of Cboe Europe, said: "We are excited to bring the Cboe name to EuroCCP and unify our European businesses from a branding perspective. Cboe Clear Europe and its team have helped to drive significant post-trade efficiencies in European equity markets and developed a reputation for exceptional levels of client service, innovation and risk management. As it takes its new name and enters its next phase of growth, those attributes — as well as a fundamental belief in open access — will continue to underpin the business to ensure participants go on reaping the benefits of a competitive clearing environment."