- IMC joins Cboe Europe Derivatives as direct trading
participant, gaining access to the exchange's suite of pan-European
equity derivatives
- CEDX recently expanded its range of equity options and now
offers contracts on over 300 European companies
AMSTERDAM and LONDON, June 17,
2024 /PRNewswire/ -- Cboe Europe Derivatives (CEDX),
Cboe's pan-European equity derivatives marketplace, today announces
that IMC has become a new direct trading participant, gaining
access to the exchange's range of pan-European index derivatives
and equity options.
Iouri Saroukhanov, Head of European Derivatives at Cboe Europe,
said: "We are thrilled to welcome IMC to CEDX and further diversify
the types of liquidity the exchange is offering to its
institutional and retail participants. The support of a firm of
IMC's calibre demonstrates the broad appeal of CEDX, which is
lowering barriers to entry for European derivatives through its
pan-European model and promotion of deep and liquid on-screen
markets. We look forward to IMC's active participation across our
range of equity derivatives and supporting us on our journey to
create a larger and more efficient European derivatives
market."
IMC is a leading global market maker that trades in all major
asset classes on more than 100 trading venues around the world.
Founded in 1989, it was one of the first trading houses to
recognise the importance of technology in the fast-evolving
financial markets environment and today is known worldwide for its
advanced, low-latency technology and world-class execution
capabilities. With offices in Europe, the United
States, and Asia-Pacific,
its core business is to provide essential liquidity in financial
instruments, helping to make markets more efficient and add value
to all market participants.
Koen Langemeijer, IMC Europe Market Making Lead, said: "We are
very excited to become a direct trading participant on CEDX and
provide liquidity across the exchange's range of pan-European
equity derivatives contracts. We are strongly aligned with CEDX's
ambitions to enhance and grow Europe's derivatives markets and look forward
to providing its participants with access to our exceptional levels
of liquidity."
CEDX launched in September 2021,
initially offering trading in futures and options based on key Cboe
Europe single country and pan-European indices, with clearing
provided by Cboe Clear Europe N.V. The exchange is designed to
promote on-screen liquidity and offers a single access point to
pan-European equity derivatives products, creating significant
operational and capital efficiencies for participants.
CEDX expanded into equity options in November 2023, and broadened its universe of
these products during Q1 2024. It now offers more than 300 options
on companies from 14 countries (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the
Netherlands, Norway,
Spain, Sweden, Switzerland and the United Kingdom). These products amount to more
than 90% of current ADV and open interest for the top-600 European
equity options, as of June 2024.
Further information about CEDX's equity options products is
available here.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), the world's leading
derivatives and securities exchange network, delivers cutting-edge
trading, clearing and investment solutions to people around the
world. Cboe provides trading solutions and products in multiple
asset classes, including equities, derivatives, FX, and digital
assets, across North America,
Europe and Asia Pacific. Above all, we are committed to
building a trusted, inclusive global marketplace that enables
people to pursue a sustainable financial future. To learn more
about the Exchange for the World Stage, visit www.cboe.com.
Media
Contacts
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Angela
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Tim
Cave
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Kenneth Hill,
CFA
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+1-646-856-8734
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+44 (0)
7593-506-719
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+1-312-786-7559
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atu@cboe.com
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tcave@cboe.com
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khill@cboe.com
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SOURCE CBOE Holdings, Inc.