Firms including ABN AMRO Clearing, All Options, Barak Market Making B.V, Goldman Sachs, Morgan Stanley, Susquehanna International Securities, and Interactive Brokers, have confirmed their support for CEDX’s expansion into equity options.
The regulator has ordered FINRA and SROs associated with Cboe, Nasdaq, and NYSE to work jointly in creating a new plan.
Effective from today, the new sweep order types will allow participants to access the dark, periodic auction and lit order books without the need to submit multiple orders.
Move comes as the exchange launches two new options products based off its investment grade and high yield corporate bond index futures.
The move compliments Cboe’s historical data for Europe, US, and Japan which is already offered via BMLL.
Landmark initiative between some of the largest organisations across the capital markets creates a ‘network of networks’ allowing siloed systems to interoperate while balancing the decentralisation with privacy and control.
Broadway will provide Cboe full-service co-location, cloud hosting and system oversight to improve the trading experience on Cboe’s new trading platform.
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.
Speaking to The TRADE, Cboe’s head of European derivatives Iouri Saroukhanov said the aim of the infant exchange offering was to alter EU market structure, not to grab market share.
The exchange delivered record earnings driven by its derivatives franchise, data solutions and cash/spot markets.