April 05, 2019 13:40:35
Dear Cboe Europe Equities Participants,
Cboe Europe will launch trading in EEA securities on its Netherlands venue (Cboe NL) on the first business day following a no-deal Brexit. In the event that this takes place on 12th April, then the 15th April will be the first day of trading. Trading in UK and Swiss securities will continue on Cboe's UK venue but trading in EEA instruments will cease. In the event that this happens it is Cboe's intention to re-introduce trading in EEA instruments on its UK venue during 2019.
Cboe will also launch its Approved Publication Arrangement (APA) and Systematic Internaliser (SI) quoting services from its Netherlands-based venue on the first business day following a no-deal Brexit. Cboe will also continue to offer Trade Reporting and SI quoting services via its UK APA.
In the event that the UK's exit is subject to a long delay or a deal is negotiated that allows unrestricted access to its UK platform from the EEA, Cboe Europe will not launch trading on its Netherlands venue until it is able to offer trading in all securities on both its UK and Netherlands venues, which is likely to be later in 2019.
Please contact your Account Manager
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 20 7012 8901
E: [email protected]
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority