European Single Stock Options
Trade single stock options from across Europe on one, efficient marketplace, alongside the largest pan-European equities exchange
Cboe Europe Derivatives (CEDX) is building a pan-European marketplace for single stock options. CEDX will begin offering options on leading European companies from 6 November 2023, with clearing provided by Cboe Clear Europe, the leading pan-European clearing house, subject to regulatory approvals.
(*subject to regulatory approvals, **Based on Cboe Clear Europe estimates.)
Phase one is scheduled for November 6 2023, covering 133 equity options from 12 European countries (Belgium, Denmark, France, Finland, Germany, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland and the UK). These products amount to 70% of current ADV and open interest for the top 600 European equity options.See list of phase one product coverage here.
Options on stocks from a wider range of countries will be introduced, starting from February 2024.
Timeline to launch
|New multicast groups heart beating in PROD||6 March 2023|
|Participant testing to commence in CERT
Test symbols only, for simple book, complex book and block trading functionality
|24 April 2023|
|Additional functionality available for testing in CERT
As above, adding minimal representative symbols and AIM, C-AIM, C-RFQ and Closing process functionalities
|29 May 2023|
|Full representative symbology available for testing in CERT
As above for full symbology rather than test symbols
|24 July 2023|
|All functionality available for participant testing in CERT
As above, adding complex with equity leg functionality
|21 August 2023|
|Launch of Phase 1 Single Stock Options||6 November 2023|
|Launch of Phase 2 Single Stock Options||February 2024|
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.