Regulatory requirements, industry backing and new ownership led Cboe Clear Europe to introduce clearing service for securities financing transactions, a concept which has not taken off in the continent previously.
The past week saw appointments from BlackRock, Bloomberg, KNG Securities, Cboe Global Markets and M&G Investments.
Initiative to introduce clearing, settlement and post-trade lifecycle management for SFT transactions in European cash equities and ETFs supported by the likes of BNY Mellon, Citi and Goldman Sachs; follows a string of senior appointments at Cboe Global Markets.
Designed in house by Cboe Labs, the new index will measure the current day’s expected market volatility of the S&P 500 Index.
Technology migration follows Cboe’s acquisition of Chi-X Australia in 2021 and will aid expansion into Australia and Asia-Pacific, while Cboe BIDS Australia becomes first new launch post-migration.
New Cboe One Options Feed will publish aggregated best bid and offers of all displayed orders for securities traded on Cboe’s four US options exchanges.
The new options are expected to be available for trading by November 2023 and will initially launch in 10 EU countries, clearing into Cboe Clear Europe.
Water damage from a burst pipe resulted in a temporary trading pit closure with no open outcry trading for the day.
New marketplace will offer access to curated liquidity through the consolidation of streaming quotes from dealers into a single best price at desired volume levels.
The move will help market participants manage risk more efficiently, alongside providing the ability to adjust positions at any time of the day.