IPC today announced that it will support Cboe Global Markets, one of the world’s largest exchange holding companies, as it embarks on the launch of Cboe Europe Derivatives, a new pan-European equity derivatives exchange, on September 6th, 2021.
NEW YORK and LONDON — August 4, 2021 — IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets, today announced that it will support Cboe Global Markets, one of the world’s largest exchange holding companies, as it embarks on the launch of Cboe Europe Derivatives, a new pan-European equity derivatives exchange, on September 6, 2021.
Cboe is bringing its U.S. market model to Europe using Cboe technology and plans to launch futures and options on equity indices, most of which trade in Europe.
Cboe Europe Derivatives is a modern, vibrant pan-European derivatives market designed to grow the overall derivatives trading landscape in Europe, while creating new opportunities for customers to express their investment views and manage their equity exposure. Its pan-European model will help provide market participants with the ability to access a modern, on-screen derivatives market through a single exchange and clearing house, creating efficiencies in trading and clearing.
“We are excited to be supporting Cboe in this important strategic initiative,” said Mike Smith, Director, Global Exchange Relations Management at IPC. “The potential for growth is extremely promising. We look forward to bringing our customers into this new marketplace to provide these expanded capabilities.”
This connectivity extends the existing relationship between IPC and Cboe. The two companies previously announced an innovative cryptocurrency initiative to provide bitcoin and cryptocurrency market data via IPC’s Connexus® Cloud. IPC’s Connexus Cloud is a private, secure cloud solution for the global financial markets. By integrating private and hybrid clouds, and enabling secure access to over 550 public clouds, Connexus Cloud empowers secure, guaranteed, high-performance data and voice communications.
Stephen Dorrian, Senior Director, Head of European Market Data, Cboe Europe, said: “We are excited that IPC will be connecting to Cboe Europe Derivative, bringing the benefits of a modern, pan-European equity derivatives market to its client base.”
IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on LinkedIn and Twitter (@IPC_Systems_Inc).
Certain statements contained in this press release may be forward-looking statements. Any forward-looking statements are based on current expectations, assumptions, estimates and projection and involve known and unknown risks and uncertainties. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.