In Case You Missed It: July 2021
Cboe Global Markets Completes Acquisition of Chi-X Asia Pacific
To start the month, Cboe completed its acquisition of Chi-X Asia Pacific Holdings, Ltd. (Chi-X Asia Pacific), an alternative market operator and provider of innovative market solutions. Through ownership of Chi-X Asia Pacific, Cboe gains entrance into two of the world's largest securities markets – Japan and Australia – to establish a significant presence in the Asia Pacific region for the first time.
Cboe Announces Launch of New Cboe 3-Month Implied Correlation Index
On July 1, Cboe announced it is publishing intraday values for the Cboe 3-Month Implied Correlation Index (ticker symbol: COR3M), a new benchmark index that is designed to provide market participants with further granularity into some of the factors driving volatility in the equity markets. The index aims to help market participants better understand factors driving volatility and implement dispersion trading strategies. Index values are disseminated four times per minute during the trading day.
Cboe Global Markets™ Reports June 2021 Trading Volume
Cboe™ reported June 2021 trading volume on July 6. In June, options average daily volume (ADV) increased more than 12 percent, compared to June 2020. The report also contains guidance for selected revenue per contract/net revenue capture metrics for the second quarter of 2021.
How to Utilize Cboe’s S&P 500 Index Options Benchmark Indices
Cboe’s three-part series, “How to Utilize Cboe’s S&P 500 Index Options Benchmark Indices,” highlights the hedging, income-generation and spread strategies investors may explore, and includes analysis of more than 35 years of data history of Cboe’s benchmark indices.
Cboe Listings Celebrates 500 U.S.-Listed ETPs
Cboe recently reached a milestone of 500 U.S.-listed ETPs from more than 60 issuers. This is a notable step in Cboe Listings’ continued mission to deliver unmatched ETF service as the fastest growing ETP listings venue in the U.S. In a recent letter to customers, Laura Morrison, Senior Vice President, Global Head of Listings, highlighted Cboe Listings' latest accomplishments and reiterated the team's commitment to unmatched customer service and continued growth.
Cboe Europe Enhances Cboe LIS Block Trading Platform with Directed IOI Service
Cboe Europe recently enhanced its block trading platform, Cboe LIS, which is powered by BIDS technology, with the addition of Directed Indication of Interest (DIOI) functionality. The service was successfully launched on July 12, 2021, on the Cboe UK LIS platform. Cboe plans to extend this new service to Cboe NL LIS later this year, subject to regulatory approval.
Cboe Europe and EuroCCP Receive Dutch Regulatory Approvals for New European Derivatives Market
Cboe Europe received the necessary regulatory approvals to launch Cboe Europe Derivatives, a new Amsterdam-based futures and options market, on September 6, 2021. Additionally, EuroCCP, Cboe's pan-European clearing house, was authorized to clear equity derivatives. Cboe Europe Derivatives is planned to launch with the trading of futures and options based on six Cboe Europe indices: the Cboe Eurozone 50, Cboe UK 100, Cboe Netherlands 25, Cboe Switzerland 20, Cboe Germany 30, and Cboe France 40 – all calculated using Cboe market data.
Cboe Plans to Launch Enhanced Block Trading Service in Canada, Further Expanding BIDS Trading Globally
In February 2022, Cboe plans to launch Cboe LIS powered by BIDS in Canada, bringing to the region an enhanced block trading service based on a successful model that it first introduced in Europe with BIDS Trading. The new Canadian offering, which is subject to regulatory approval, will combine industry-leading block trading capabilities from MATCHNow and BIDS to create an enhanced market center for block-sized liquidity for buy-side and sell-side participants.
Cboe Reports Financial Results for the Second Quarter of 2021
On July 30, Cboe reported its financial results for the second quarter of 2021. In the second quarter, Cboe’s net revenues grew 18 percent year-over-year as a result of robust transaction and non-transaction growth. Additionally, Cboe reported increased trading volumes, engagement of institutional clients trading index options and volatility products and strong user growth in Cboe’s comprehensive suite of offerings from Data and Access Solutions. Read the press release or watch a replay of the presentation on Cboe’s Investor Relations website.
The information in this article is provided for general education and information purposes only. No statement(s) within this article should be construed as a recommendation to buy or sell a security or to provide investment advice. Supporting documentation for any claims, comparisons, statistics or other technical data in this article is available by contacting Cboe Global Markets at www.cboe.com/Contact. Cboe is a registered trademark of Cboe Exchange, Inc. All other trademarks and service marks are property of their respective owners. © 2020 Cboe Exchange, Inc. All Rights Reserved.
