Cboe takes on Euronext in European single stock options trading
LONDON, Feb 14 (Reuters) -Cboe Global Markets Inc CBOE.Z said on Tuesday that its European arm will offer trading and clearing in single stock options on top European companies from November, pitting itself against incumbents such as Euronext, Eurex and ICE.
Cboe Europe Derivatives (CEDX) will initially offer equity options on companies from Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Spain and Sweden.
"Options on stocks from additional European countries are expected to be introduced starting from February 2024, subject to regulatory approvals," Cboe said in a statement.
Single stock options give investors the right, but not the obligation, to buy or sell the underlying shares at a fixed price on a future date.
They allow investors to go long or short on a stock.
CEDX launched in September 2021, offering trading in futures and options based on single country and pan-European indices compiled by Cboe.
Pan-European exchange Euronext already offers single stock options on hundreds of leading European companies.
Reporting by Huw Jones; Editing by Shounak Dasgupta
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
