Offering Equity Options from across Europe on one, efficient marketplace,
alongside the largest pan-European equities exchange

Crafting a better European options market

Clearing Efficiencies
All CEDX products are cleared by Cboe Clear Europe, one of the region’s largest cash equities CCPs. This allows for significant operational and margin efficiencies. With the introduction of single stock options clearing, the use of underlying stocks to provide offsets against matched equity option positions is available. This equates to a potential initial margin reduction for a covered call position of around 70%*.
Domestic Settlement
Stock settlement (on options exercise and assignment) takes place in domestic CSDs, removing unnecessary costs and allowing for netting with relevant cash equities transactions.
Market Structure
CEDX is leveraging Cboe’s US options leadership to promote deep and liquid on-screen options markets in Europe, helping to attract new participants and grow the market overall.
Lower Fees
CEDX offers a simple tariff structure for single stock options with lower trading and clearing fees compared to competing products. CEDX’s trading, market data and connectivity fees are waived until the end of 2024
Broad Product Coverage
CEDX offers a single access point to hundreds of pan-European single stock options, creating simplicity and unrivalled cost efficiencies for participants.

(*Based on Cboe Clear Europe estimates.)

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This information is not being provided as part of an offer or sale of any futures or options products to any persons located within the United States.