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.
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.”