AMSTERDAM and LONDON, Nov. 28,
2022 /PRNewswire/ -- Cboe Global Markets Inc. (Cboe:
CBOE) today announces that Cboe Europe Derivatives (CEDX), its
pan-European equity derivatives exchange, has welcomed three new
Trading Participants. These firms are Barak Capital Israel, Barak
Capital Market Making B.V. and TTG Capital Limited.
CEDX Trading Participants gain access to a range of pan-European
and single-country equity index futures and options contracts via a
single marketplace, offering significant efficiencies from a
trading and clearing perspective. The exchange is also bringing a
modern, on-screen market structure - similar to that utilised in
the US - to Europe, to help grow
the region's derivatives markets overall. Full CEDX contract
specifications can be found at
http://www.cboe.com/europe/derivatives/products. CEDX is planning
to further expand its range of products in 2023, subject to
regulatory approvals.
Iouri Saroukhanov, Head of European Derivatives, Cboe Europe,
said: "We're pleased to welcome these new Trading Participants to
CEDX and further diversify the liquidity available on our market.
Their participation demonstrates the broad appeal of CEDX's
innovative, pan-European model, which is designed to promote deep
and liquid on-screen markets and is already bringing greater
transparency and efficiencies to the region's derivatives
markets."
Barak Capital is an Israel-based investment group, powered by
advanced technology with its focus on proprietary trading, research
and development. It is an official market maker on several
exchanges around the world in Indices, FX, Fixed Income, ETFs and
Equities products. The firm opened a branch in Amsterdam in 2021, called Barak Capital Market
Making B.V.
TTG Capital is a leading proprietary trading firm focussed on
prop trading, liquidity provision and market-making across the
listed derivatives markets. Established in 2008 and with its
headquarters in London, TTG
Capital enables its team of professional traders to access global
futures and options, supported by the systems and expertise
required to ensure optimal performance.
Uri Peles, Head of Business
Development at Barak Capital, said: "Barak Capital Israel is
delighted to become a Trading Participant and a market maker on
CEDX. By providing liquidity on the exchange's products we aim to
make European markets more efficient and transparent."
Nadav Attar, Managing Director at Barak Capital Market Making
B.V., said: "Barak Capital Market Making B.V. is pleased to have
joined CEDX and provide reliable and tightly-priced liquidity. We
support the innovative approach the exchange is taking to help grow
Europe's equity derivatives and
have greatly appreciated its smooth onboarding process."
Christian Browne, Chief Operating
Officer, at TTG Capital, said: "TTG Capital is proud to have joined
CEDX and we look forward to our traders and trading groups being
active participants across its innovative range of
pan-European equity derivatives contracts."
About CEDX
CEDX is a pan-European derivatives marketplace which enables
participants to access a vibrant equity derivatives market through
a single access point, creating efficiencies in trading and
clearing. CEDX offers trading in futures and options based on key
Cboe Europe indices. These indices, which are all calculated using
Cboe market data, are transparently designed and managed under the
same set of rules and perform closely in line with comparable
benchmarks. CEDX forms part of Cboe Netherlands, Cboe's
Amsterdam-based exchange (Cboe
Europe B.V.), with clearing provided by Cboe Clear Europe, a
leading pan-European clearing house.
Additional information about CEDX is available on the Cboe
website.
About Cboe Global Markets, Inc
Cboe Global Markets (Cboe: CBOE), a leading provider of market
infrastructure and tradable products, delivers cutting-edge
trading, clearing and investment solutions to market participants
around the world. The company is committed to operating a trusted,
inclusive global marketplace, providing leading products,
technology and data solutions that enable participants to define a
sustainable financial future. Cboe provides trading solutions and
products in multiple asset classes, including equities,
derivatives, FX and digital assets, across North America, Europe and Asia
Pacific. To learn more, visit www.cboe.com.
Media Contacts
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Analyst Contact
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+1-312-786-7559
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tcave@cboe.com
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atu@cboe.com
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khill@cboe.com
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Cautionary Statements Regarding
Forward-Looking Information
Certain information contained in this press release may
constitute forward-looking statements. We caution readers not to
place undue reliance on any forward-looking statements, which speak
only as of the date made and are subject to a number of risks and
uncertainties.
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SOURCE Cboe Global Markets, Inc.