Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the addition of European stock options and futures and European index options through Cboe Europe Derivatives (CEDX).
This addition allows Interactive Brokers clients another means to trade European equity derivatives alongside a wide range of global financial instruments, including stocks, options, futures, currencies, bonds, mutual funds and more, from a single platform.
The addition of access to CEDX complements Interactive Brokers’ existing European equity derivatives offerings through Eurex and Euronext and provides clients with an additional way to manage European investments. With CEDX, Interactive Brokers clients can trade more than 300 stock options on leading European companies from 14 countries and European stock index derivatives.
Futures and options based on Cboe Europe single-country and pan-European indices are available on well-known benchmarks, including the Cboe Eurozone 50, Cboe Germany 40 and Cboe UK 100. In addition, CEDX exchange, market data and connectivity fees are lifted by the end of 2024.
Milan Galik, CEO of Interactive Brokers, commented:
“The introduction of Cboe Europe derivatives underlines our commitment to providing clients with an extensive range of products to enhance their trading strategies at low cost. As investors increasingly use derivatives to diversify and improve market exposure, CEDX expands the investment options available to our clients.”
Iouri Saroukhanov, Head of European Derivatives, Cboe Europe, added:
“We are delighted that Interactive Brokers clients can now access Cboe Europe Derivatives’ suite of pan-European equity derivative contracts. This is an important milestone in CEDX’s journey to improve the ability of retail investors to access and benefit from European derivatives, in particular options.”