Cboe Global Markets is set to discontinue its Japanese equities business and suspend the operations of its Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform.
The exchange has said that the closure aligns with plans to channel resources into other opportunities to provide the most benefits to shareholders and was also influenced by the current and financial sustainability of the equities business in Japan.
Operations are expected to cease on 29 August 2025, subject to consultation with regulators.
Read more – Cboe Europe to launch EBBO retail trading solution
“While we have made the strategic decision to exit the Japanese equities business, we remain committed to serving Japan and its financial community by leveraging the strengths of our global derivatives and data capabilities,” said Craig Donohue, chief executive at Cboe Global Markets.
“As Japanese market participants continue to seek greater access to international markets, Cboe is well-positioned to meet that demand with our high-quality market data and suite of tradable derivatives products.”
Read more – Cboe head of market data joins EuroCTP advisory committee
The exchange has said that it will maintain its global derivatives and Cboe data vantage businesses in Japan, and the removal of its Japanese equities business will not have a significant impact on growth and expenses.
Cboe’s evolving presence in Japan has been a key priority for the exchange recently. In August 2024, Cboe announced that it had agreed to acquire a minority equity ownership stake in Japannext through a purchase of shares from SBI Holdings, as part of the exchange’s drive to promote innovation in the Japanese capital markets, and represent its commitment to the region.