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Global Clearing for Modern Markets

Cboe Clearing

Delivering innovative, open-access clearing services that enable confident, safe and secure trading across global markets. With two regulated clearinghouses underpinned by proven risk-management, governance and operational frameworks, Cboe Clear helps market participants mitigate counterparty risk while unlocking operational and capital efficiencies across asset classes.

Overview

Cboe Clear is the clearing arm of Cboe Global Markets, providing central counterparty clearing services that help ensure the safety, stability, and efficiency of global financial markets. As central counterparties ("CCPs"), Cboe Clear’s clearinghouses give protection to both parties in a trade, providing assurance to each party that the trade will settle at the agreed price in the event that one party defaults on its obligations.

Cboe Clear operates clearinghouses in Europe and the U.S., each purpose-built to meet the needs of specific asset classes and geographies.  Both clearinghouses are guided by a strong open‑access ethos, enabling them to provide clearing services to both Cboe-owned and third party venues. This approach allows market participants to maximize capital efficiencies and streamline post-trade workflows across multiple execution environments.

Clearinghouses

Europe

Cboe Clear Europe

Cboe Clear Europe is a leading pan‑European clearinghouse focused on delivering capital and operational efficiencies across cash equities and securities financing transactions. Through its open‑access, multi‑venue approach it is Europe’s most-connected cash equities clearinghouse, enabling participants to consolidate European cash equities clearing activities at a single CCP, supporting broad netting opportunities and enhanced capital efficiencies.

Asset Classes Cleared

  • Cash Equities
  • Securities Financing Transactions
  • ETFs
  • Depositary Receipts
Cboe Clear EU Overview
North America with the United States highlighted

Cboe Clear U.S.

Cboe Clear U.S. is a CFTC-registered U.S. Derivatives Clearing Organization ("DCO"), dedicated to promoting the resilience and integrity of U.S. markets. Cboe Clear U.S. prioritizes robust financial safeguards and the reduction of systemic risk through centralized clearing of exchange-traded derivatives, providing regulated clearing infrastructure designed to support product innovation and emerging asset classes.

Asset Classes Cleared

  • Futures
Cboe Clear U.S. Overview