Exchange Holding Company Cboe Announces Plans for New Venue in Amsterdam
Cboe chooses Amsterdam to ensure it is well-positioned to continue to serve its customers across Europe
One of the world’s largest exchange holding companies, Cboe Global Markets, Inc., announced plans to establish a new venue in Amsterdam to ensure the company is well-positioned to continue to serve its customers across Europe from April 2019, after the UK’s planned exit from the European Union (EU). Cboe Europe is the largest pan-European stock exchange by market share and value traded. The company, originally from Chicago, has filed its application with the Dutch Authority for the Financial Markets (AFM) to establish a MiFID II compliant equities trading venue and Approved Publication Arrangement (APA) in the Netherlands to continue to service its EU customer base. The choice of the Netherlands comes after thoughtful and careful consideration of a number of locations that have strong international financial market centres.
“The Netherlands is supportive of competitive”
Mark Hemsley, President of Cboe Europe, said: “We believe that the Netherlands is supportive of competitive and open financial market infrastructure and we feel Amsterdam is a fantastic location to establish our EU venue. We have longstanding and good relations with the AFM and De Nederlandsche Bank (DNB) which have a deep understanding of the equities and derivatives markets. Additionally, Amsterdam is a well-known location for us given our ownership stake in pan-European clearing house EuroCCP, which is also based there.”
Cboe Global Markets, Inc. is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore, Hong Kong and Quito, Ecuador. Cboe’s trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading.
Source: Cboe3 July 2018