Cboe confirms acquisition of equities clearing house EuroCCP
Cboe Global Markets will develop clearing and equity derivatives trading in Europe with its acquisition of EuroCCP.
Cboe Global Markets will develop clearing and equity derivatives trading in Europe with its acquisition of EuroCCP.
Mark Hemsley will retire early next year, and will be succeeded by the exchange’s chief operating officer, David Howson.
Cboe Europe will introduce a 45-minute post-close trading session in August, and it will be free to use until the end of the year.
Market participants at TradeTech have agreed that trading volumes have failed to shift to lit venues under MiFID II, but the regulation has led to unintended positive developments in the form of periodic auctions.
Cboe and Turquoise have established EU entities in Amsterdam, while Aquis Exchange set up its new EU base in Paris.
Cboe will operate an MTF and APA from Amsterdam as the UK’s departure from the European Union grows closer.
The EU financial regulator has published responses to its call for evidence, revealing that the industry is firmly behind the use of periodic auctions.
Trading in Polish, Hungarian and Czech stocks will be available on Cboe Europe from 5 November pending regulatory approval.
Cboe LIS continues to win over the buy-side with 158 asset managers now using the platform to trade large blocks under MiFID II.
The TRADE looks at how the industry has adapted to the new trading environment and the major issues facing market participants following the implementation of MiFID II six months ago.