EUROPEAN UNION: Cboe Europe and EuroCCP Receive Dutch Regulatory Approvals For New European Derivatives Market

Monday July 26 2021

On 26^th July 2021, Cboe Europe, the pan-European exchange operator and subsidiary of Cboe Global Markets, Inc. (Cboe: CBOE) announced that it has received the necessary regulatory approvals to launch Cboe Europe Derivatives, a new Amsterdam-based futures and options market, on 6^th September, 2021.

Cboe Europe B.V. (Cboe NL), Cboe Europe’s subsidiary in Amsterdam, is now authorized to operate a Regulated Market for equity index futures and options, which will be regulated by the Dutch Authority for the Financial Markets (AFM). EuroCCP, Cboe’s pan-European CCP, is also granted permission by the Central Bank of the Netherlands (DNB) to clear equity derivatives.

Cboe Europe Derivatives is planned to launch with the trading of 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 – all calculated using Cboe market data. EuroCCP will provide clearing services for the platform. The exchange plans to add futures and options on additional European benchmarks, along with single stock options, at a later date, based on customer demand and subject to regulatory approval.

The launch of Cboe Europe Derivatives underscores Cboe’s commitment to becoming a truly global market infrastructure operator, entering new markets around the world and providing a consistent experience for its global customer base. This new exchange will leverage Cboe’s global derivatives expertise and European equity trading and clearing footprint to help bring a modern, on-screen market structure utilized in the U.S. to Europe and to help grow the region’s equity derivatives market overall. By taking a pan-European approach, Cboe Europe Derivatives will help enable market participants to access a vibrant derivatives market through a single access point, creating efficiencies in trading and clearing.