Joseph Sullivan III founded the Chicago Board Options Exchange (Cboe) 47 years ago and established the listed options industry in the US.
After emerging as an alternative trading venue under MiFID II in Europe, Cboe will now bring its periodic auction to the US equity market.
David Howson, president of Cboe Europe, joins The TRADE to discuss the exchange group’s recent acquisition of EuroCCP, and how the takeover will expand Cboe’s reach in the European equities and equity derivatives markets.
Upon completing its acquisition of equities clearing house EuroCCP, Cboe confirms plans to launch Cboe Europe Derivatives in the first half of 2021.
Liquidity providers will be rewarded with faster access to market data when quoting at the best bid or offer via the new FX central limit order book from Cboe.
The C1 options trading floor in Chicago at Cboe will now open on 15 June due to closures around the city.
Exchange group Cboe has acquired New York-based Trade Alert to expand information services division in latest takeover.
MATCHNow acquisition will provide Cboe with means to build a comprehensive equities platform for Canadian markets.
After closing its open outcry trading floor in Chicago due to coronavirus, Cboe has shifted to electronic trading with quick approval from the SEC.
The controversial speed bump was opposed by some of the markets most active participants and industry lobby groups.