Cboe’s pan-European clearing house EuroCCP rebrands to Cboe Clear Europe

Rick Steves

“Cboe’s acquisition has already enabled a step-change in our business, and we feel now is the right time to rebrand as Cboe Clear Europe as we pursue continued growth wherever we can bring most value for our venues, members and clients.”

Cboe Global Markets’ pan-European clearing house EuroCCP has been rebranded Cboe Clear Europe, the market infrastructure provider announced.

EuroCCP, now Cboe Clear Europe, was acquired on 1 July 2020 and has since then enhanced its position as a cash equities clearing house in Europe by expanding the number of venues it provides clearing services to from 37 to 47. The firm provides access to approximately 95 percent of all European equity trades.

Cboe Clear Europe supports preferred clearing and derivatives clearing

The clearing house not only supports interoperable clearing but also preferred clearing, which is used on venues that do not support true clearing interoperability. This allows Cboe Clear Europe to clear a trade provided that both counterparties have elected it as their preferred clearing provider.

Cboe Clear Europe’s preferred clearing service has seen volumes rise to 40.5 million in the 10 months ended 31 October 2022, compared with 9.1 million in 2021. The service ensures transactional cost savings by allowing clients to consolidate more of their pan-European equities clearing activities at a single provider.

The company is also diversified into equity derivatives clearing in support of Cboe Europe Derivatives (CEDX), which was launched in September 2021 and offers clients the ability to clear a broad range of pan-European equity derivatives at a single clearing house.

Cboe Clear Europe’s open-access approach means that it serves multiple exchanges and trading venues to promote truly competitive, integrated, and pan- European infrastructures.

Cboe, a globally recognized brand

Arnoud Siegmann, Interim President and Chief Operating Officer of Cboe Clear Europe, said: “Cboe’s acquisition has already enabled a step-change in our business, and we feel now is the right time to rebrand as Cboe Clear Europe as we pursue continued growth wherever we can bring most value for our venues, members and clients. It clearly demonstrates our Cboe ownership and provides us with a globally recognized brand when it comes to the services we offer.”

Natan Tiefenbrun, President of Cboe Europe, said: “We are excited to bring the Cboe name to EuroCCP and unify our European businesses from a branding perspective. Cboe Clear Europe and its team have helped to drive significant posttrade efficiencies in European equity markets and developed a reputation for exceptional levels of client service, innovation and risk management. As it takes its new name and enters its next phase of growth, those attributes — as well as a fundamental belief in open access — will continue to underpin the business to ensure participants go on reaping the benefits of a competitive clearing environment.”

Read this next

Retail FX

Fullerton Markets Caps Off Stellar Year with Dual Triumph at Gazet International Awards 2023

Fullerton Markets, one of the fastest-growing brokerages in the Asia Pacific, has today announced its remarkable success at the prestigious Gazet International Awards 2023, where it secured two coveted accolades, reinforcing its position as a global leader in multi-asset brokerage and marketing a triumphant end to the year.

Inside View

Are brokers really ready for EMIR Refit and ESMA changes in 2024?

The EMIR Refit and ESMA reporting requirements necessitate a strategic approach from brokers, involving major updates to reporting systems, data collection processes, and internal resources. We spoke with brokers and RegTech providers to learn more about the upcoming regulatory challenges.

Digital Assets

Binance to phase out BUSD support in two weeks

Binance has announced its plans to gradually phase out support for its native stablecoin, BUSD (Binance USD) by December 15, 2023. This move comes after Paxos, the issuer of BUSD, decided to stop minting new tokens.


Binance Labs invests $3.15M in Open Campus to advance Web3 education

Binance Labs, the venture capital arm of the cryptocurrency giant Binance, has invested $3.15 million in Web3 education platform Open Campus.

Institutional FX

Brighty App unveils EU B2B payment platform amidst exploding market

Brighty App is set to launch its European B2B platform, Brighty Business, this month. This platform is geared towards improving how businesses handle their financial operations, especially in the digital banking and cryptocurrency domains.

Digital Assets

Celsius’ withdrawal process slowed by overwhelming demand

Bankrupt crypto lender Celsius is taking steps to allow certain customers to withdraw their funds. However, some users have reported difficulties in logging in to process their withdrawals, as indicated by posts on various social media platforms.

Digital Assets

Cristiano Ronaldo hit with $1 billion lawsuit over Binance NFTs

Cristiano Ronaldo, the renowned footballer, is facing a class-action lawsuit in the United States over his promotion of Binance, the world’s largest cryptocurrency exchange.

Digital Assets

Zipmex creditors offered 3.35 cents on the dollar payout

Zipmex, a Thai crypto exchange grappling with financial difficulties, has proposed a restructuring plan to repay its creditors.

Digital Assets

FSB warns of risks posed by multifunction crypto-asset intermediaries

The report on Multifunction Crypto-Asset Intermediaries (MCIs) provides an in-depth analysis of these entities which combine various crypto-asset services and products, typically centering around a trading platform. These services can include proprietary trading, investment functions, issuance, promotion, and distribution of crypto-assets, including stablecoins.