Cboe Europe Receives Authorisation to Operate Netherlands Venue

Cboe Europe Receives Authorisation to Operate Netherlands Venue

PR Newswire

LONDON, March 11, 2019

Announces appointment of Adam Eades as President of Cboe Europe B.V.

LONDON, March 11, 2019 /PRNewswire/ -- Cboe Europe, the largest stock exchange by value traded in Europe and a division of Cboe Global Markets (Cboe: CBOE), today announced that Cboe Europe B.V., its new subsidiary based in Amsterdam, has received authorisation from the Dutch Ministry of Finance. Cboe Europe B.V. is now authorised to operate a Regulated Market (RM), Multilateral Trading Facility (MTF) and Approved Publication Arrangement (APA), which will be regulated by the Dutch Authority for the Financial Markets (AFM).

Mark Hemsley, President of Cboe Europe, said: "We are pleased to have received regulatory approval for our new Netherlands-based venue. We are committed to providing pan-European services to our customers and this authorisation helps ensure we are well-positioned to continue to service our customers across Europe post-Brexit."

Cboe will continue to operate its existing Recognised Investment Exchange (RIE) in the UK. Cboe Europe will offer the same services at both its UK and Netherlands venues. Post-Brexit, Cboe is planning to make all EEA-listed symbols available for trading on the Netherlands venue, while UK and Swiss-listed symbols will trade on the UK venue.

Adam Eades, currently Chief Legal and Regulatory Officer at Cboe Europe, has been appointed President of Cboe Europe B.V. and will oversee the operations.

Mr. Eades said: "I'm delighted to lead Cboe Europe B.V. and work closely with the London team to ensure a seamless launch of the new venue. We've been working closely with our customers over the past two years and have made the necessary preparations to ensure we are ready for any potential Brexit scenarios."

Cboe Europe B.V. is currently scheduled to launch on 1st April 2019. Cboe is closely monitoring the political discussions and will react as quickly as possible to any developments that would alter this launch date.

Additional information regarding Cboe's Brexit plans is available on the company's Brexit Microsite.

About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to relentless innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the customer experience. 

Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world's barometer for equity market volatility.

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 one of the largest stock exchange operators in the U.S. and a leading market globally for ETP trading.

The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore, Hong Kong and Quito, Ecuador.  For more information, visit www.cboe.com. ­

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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes; potential difficulties in our migration of trading platforms and our ability to retain employees as a result of the acquisition; our ability to protect our systems and communication networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; fluctuations to currency exchange rates; our index providers' ability to maintain the quality and integrity of their indexes and to perform under our agreements; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to attract and retain skilled management and other personnel, including those experienced with post-acquisition integration; our ability to accommodate trading volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to manage our growth and strategic acquisitions or alliances effectively; restrictions imposed by our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, investments or intangible assets; and the accuracy of our estimates and expectations. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2018 and other filings made from time to time with the SEC.

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