IMC has joined pan-European equities derivatives marketplace Cboe Europe Derivatives (CEDX) as a direct trading participant.
The global market makers can now access the exchange’s index derivatives and equity options, and will provide further liquidity across European equity derivatives contracts.
CEDX was launched in September 2021, and uses a single access point to promote on-screen liquidity and increase operational and capital efficiency. Initially offering trading in futures and options, the exchange expanded to cover equities options in November 2023.
Iouri Saroukhanov, head of European derivatives at Cboe Europe, commented: “We are thrilled to welcome IMC to CEDX and further diversify the types of liquidity the exchange is offering to its institutional and retail participants. The support of a firm of IMC’s calibre demonstrates the broad appeal of CEDX, which is lowering barriers to entry for European derivatives through its pan-European model and promotion of deep and liquid on-screen markets.
“We look forward to IMC’s active participation across our range of equity derivatives and supporting us on our journey to create a larger and more efficient European derivatives market.”
Koen Langemeijer, Europe market making lead at IMC, added: “We are very excited to become a direct trading participant on CEDX and provide liquidity across the exchange’s range of pan-European equity derivatives contracts. We are strongly aligned with CEDX’s ambitions to enhance and grow Europe’s derivatives markets and look forward to providing its participants with access to our exceptional levels of liquidity.”
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