Offering single stock options from across Europe on one, efficient
marketplace, alongside the largest pan-European equities exchange
- Clearing Efficiencies
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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
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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
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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
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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
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CEDX offers a single access point to hundreds of pan-European single stock options, creating
simplicity and unrivalled cost efficiencies for participants.
- Complex Strategies
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Options strategies with an equity leg delta attached can be traded as a single package, removing
uncertainty around hedging and allowing for more precise targeting of volatility levels.
(*Based on Cboe Clear Europe estimates.)
CEDX offers more than 300 equity options from 14 European countries (Austria, Belgium,
Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain,
Sweden, Switzerland and the UK). These products amount to more than 70% of current ADV
and open interest for the top 600 European equity options.
See list of product coverage here
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.