Cboe Europe is closing the Cboe Europe Derivatives exchange (CEDX), with operations ceasing by 27 February.
Competition in the European equity derivatives space is now effectively a two-horse race, with Eurex and Euronext battling it out for market share.
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All CEDX products have been set to close only, with any products without open interests placed on a trading halt. They will then be delisted.
Open positions on CEDX will be cash-settled at fair market value and the CEDX equity options liquidity provision programme will end on 20 February. Connectivity to the environment will cease on 23 February, with the service decommissioned. Billing will end on 27 February.
Further information about physical connections to the exchange service will be shared in the coming weeks, Cboe Europe stated.
In November 2025 CEDX reported 20,345 contracts traded, the fourth most active month since it launched. Open interest was at a record high of 52,626 contracts.
The announcement follows the initiation of a sales process for Cboe Australia and Cboe Canada last year.
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“We would like to take this opportunity to thank our partners, customers and stakeholders in CEDX for their support and collaboration, which helped us positively shape the European derivatives landscape,” Cboe stated.
