As the US continues its path towards a seemingly 24/7 trading set up, panellists at TradeTech Europe debated the potential for a European shift in the opposite direction.
Launch follows significant institutional growth in the digital asset derivatives market; first successful trade already executed.
The move follows SET’s prior deployment of Nasdaq’s advanced surveillance and risk technology in February 2024.
The statement comes ahead of the move to T+1 settlement and follows widespread discussion around European 24-hour trading after Cboe, Nasdaq and other venues announced plans to extend US equities hours.
New venue would have three legs to stand on in Europe, the UK and Switzerland, SIX chief executive Bjørn Sibbern tells The TRADE in a sit-down interview exploring the pan-European market outlook and the exchange’s plans for the future.
New trading offering builds on the launch of the exchange’s equities retail trading service launched in mid-2024.
Launch is scheduled for H2 2025, and the offering is expected to provide increased control over block orders.
Bloomberg 500 Index’s availability will pave the way for the listing of futures and options on MIAX exchanges in H2 2025.
Launch is set to be completed by Q2 2026 and is expected to tackle risk management challenges faced in the options markets.
New consultation paper explores how effective US Reg NMS rule is while also re-tabling VWAP Crossing in Europe, reviewing dark trading levels in Europe, the prospect of 24-hour trading and more.