Cboe Europe Expands into New Markets with Addition of Polish, Hungarian and Czech Markets - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Cboe FX Markets

Cboe Europe Expands into New Markets with Addition of Polish, Hungarian and Czech Markets

September 25, 2018
Mark Hemsley, President of Cboe Europe
Mark Hemsley, President of Cboe Europe

Europe’s largest stock exchange operator, Cboe Europe has announced the addition of Polish, Hungarian and Czech regions most liquid stocks from November 5th 2018. It is going to add the WIG20 Index (Poland), BUX Index (Hungary) and PX Index (Czech Republic). This addition means Cboe Europe will offering to trade across 18 regions of Europe, greatest breadth on any exchange in the region.

It also announced the extension of existing settlement and post-trade solutions to trade in Hungarian and Czech securities. It will allow participants to choose from EuroCCP, LCH.Clearnet or SIX x-clear as their central counterparty. Polish securities will be also settled on EuroCCP and LCH.Clearnet.

BatsWith all these, Cboe Europe will able to offer to trade in 6,000 most liquid securities on a single platform and addition of three new markets extends the model even further. Cboe Europe is created after Cboe acquired Bats Europe in 2017 or $3.7 billion and renamed the entity as Cboe Europe.

Commenting on the news, Mark Hemsley, President of Cboe Europe, said:

“We are delighted to expand our business and extend coverage to these new markets as we strive to simplify cross-border trading for the benefit of investors across Europe. Trading participants in these markets will benefit from increased choice and will have access to Cboe’s world-class technology, strong liquidity, and innovative trading solutions.”

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