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Cboe to launch new European derivatives market on Sept. 6 – Reuters

LONDON, July 26 (Reuters) – Cboe Global Markets said on Monday it would launch Europe’s newest derivatives market on Sept. 6 in Amsterdam, taking on entrenched rivals like Deutsche Boerse and Euronext.

Chicago-based Cboe said it had received reglatory approval from Dutch regulators to launch Cboe Europe Derivatives that would trade equity futures and options, with transactions cleared by its own clearing house EuroCCP.

“The regulatory approval for a competitive and pan-European marketplace for equity derivatives is expected to accelerate the momentum we are seeing from market participants for an efficient market designed to address their needs,” Cboe Netherlands President Ade Cordell said in a statement.

Cboe is already one of the biggest pan-European share trading platforms, with the bulk of trading in European Union companies moving from London to Amsterdam after Britain left the bloc in December last year.

Cboe also opted to base its European derivatives project in the Dutch capital.

Reporting by Huw Jones; Editing by Edmund Blair