Cboe Global Markets Finalizes Investor Partners for Cboe Digital Business

  • Cboe Digital and its partners are committed to providing a trusted, transparent approach to digital assets that is regulatory-first.
  • Investor Partners will receive a minority equity stake committed to the development of Cboe Digital
  • The aim is to use Cboe’s experience as a global market operator and the expertise of its partner companies to build the foundation of Cboe Digital, which will help it play a role in the development of the digital asset ecosystem around the world.
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CHICAGO, November 29, 2022 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, announced that it has completed a minority equity syndication with a group of thirteen companies becoming Cboe Investor Partners. Digital business.

Investors represent a wide and diverse range of market participants, including leading retail and institutional intermediaries, liquidity providers and brokers, including B2C2, DRW, Galaxy Digital, GSR, Hidden Road, IMC, Interactive Brokers, Jane streetJump over Crypto, Robinhood, Susquehanna International Group, tastyworks and Virtu Financial. Each company will benefit directly from Cboe Digital’s growth and close strategic and commercial alignment through their equity stake. Investor Partners Group joins the list of commercial partner firms supporting Cboe Digital’s business.

“We are pleased to have this group of investor partners join us as Cboe Digital equity holders, many of whom are already fully committed to the Cboe Digital platform, with the remainder expected to be completed in the coming months,” said John Palmer, president of Cboe Digital. “Each of these partners shares Cboe’s deep commitment to bringing a trusted, regulatory-focused approach to the digital asset space. The time is right for Cboe Digital’s model in the digital asset space, and we look forward to leveraging the combined expertise of these companies. companies as we work together to grow, would shape and define this asset class to benefit market participants worldwide.

“The foundation of Cboe Digital is built on the core principles of trusted financial exchanges – transparency, regulatory oversight and customer protection – based on responsible innovation and the value of an intermediary-led model,” said John Deter, Chief Strategy Officer at Cboe Global Markets. “Together with our partner companies, we will seek to explore opportunities across the digital landscape, including discovering new marketable product areas specific to digital asset risk management, building new digital technologies in a secure and compliant manner, and helping shape the future of digital assets with proven market expertise and regulatory expertise that, we think will help the space mature and ultimately grow.”

Additionally, as part of Cboe’s digital business, Cboe plans to establish a Digital Advisory Committee comprised of a cross-section of investor and commercial partner firms. The committee will be tasked with advising Cboe on the development of Cboe Digital’s spot and derivatives markets and the digital asset space more broadly. Cboe intends to engage and collaborate with these market players to help accelerate the growth of Cboe Digital as a sustainable, trusted and transparent venue for digital assets.

Cboe Digital (formerly ErisX) operates a spot market, derivatives market and clearing platform and plans to develop and distribute a range of digital asset data products subject to regulatory approval. Using market data based on real bid and offer prices from the spot cryptocurrency market, Cboe Digital plans to develop a benchmark data stream to help market participants assess its suitability cryptocurrency execution prices.

Cboe Digital is committed to providing a digital asset market based on exchange principles of transparency and regulatory compliance, supported by a network of intermediaries, providing client-centric solutions that help institutions take full advantage of this new asset class. Digital assets are recognized globally and are expected to continue to benefit from a regulated derivatives market and central clearing to help mitigate counterparty risk through more efficient pricing, additional hedging tools, improved transparency and greater liquidity. Cboe believes that meeting the demand for digital asset trading with the benefits of exchange trading is beneficial for all investors, and intermediaries play a key role in the continued development of Cboe Digital’s spot and derivatives markets.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, offers cutting-edge trading, clearing and investment solutions to market participants worldwide. The company is committed to operating in a trusted, inclusive global marketplace, providing leading products, technologies and data solutions that enable participants to define a sustainable financial future. Cboe offers trading solutions and products across multiple asset classes, including equities, derivatives, foreign exchange markets and digital assets. North America, in Europe and Asia Pacific. To learn more, visit www.cboe.com.

About Cboe Digital

Cboe Digital offers individuals and institutions a unified, innovative access platform cryptocurrency spot and futures markets. Combining professional tools, advanced technologies, sophisticated regulatory oversight and a diverse product suite, Cboe Digital offers digital market participants relevant, capital markets-friendly workflows. Backed by some of the world’s largest trading firms and financial institutions, Cboe Digital ensures transparency and trust in digital assets.

Cboe Digital Futures are offered through Cboe Digital Exchange, LLC, a Commodity Futures Trading Commission (CFTC) registered designated contract market (DCM), and Cboe Clear Digital, LLC, a registered derivatives clearing organization (DCO). The CFTC does not have regulatory oversight authority over virtual currency products, including spot trading of virtual currencies. Cboe Digital’s Spot Market is not licensed, approved or registered by the CFTC, and transactions on the Cboe Digital Spot Market are not subject to CFTC rules, regulations or regulatory oversight. Cboe Digital Spot Market may be subject to certain state licensing requirements and operates in New York under a Cboe Clear Digital license to engage in the business of virtual currency. New York State Department of Financial Services. Cboe Digital and the Cboe Digital logo are trademarks of the Cboe Global Markets group of companies. To learn more, visit www.cboedigital.com.


Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties. These statements can be identified by forward-looking words such as “may”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “anticipate”, “potential” . ” or “continue” and the negative of those terms and other comparable terms. 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 expected trends in our business These statements are only projections based on our current expectations and projections of 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 in forward-looking statements.

We operate in a highly competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is impossible to predict all risks and uncertainties, nor can we estimate the impact of all factors on our business or the extent to which any factor or combination of factors may cause actual events. results 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 contracts; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; a decrease in trading or clearing volume, market data fees or a change in the range of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communications networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; our ability to attract and retain qualified management and other personnel, including compensation inflation; increasing the competition of foreign and domestic companies; our dependence on and exposure to risk from third parties; fluctuations in exchange rates; factors affecting the quality and integrity of our indices; the impact of the novel coronavirus (“COVID-19”) pandemic; our ability to conduct our business without infringing the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to mitigate risks, including our credit and default risks, associated with the operation of the European Clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without disruption or degradation of our systems; misconduct by those who use our marketplaces or our products or for whom we clear transactions; challenges to the use of our open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory obligations and our earnings status; our ability to maintain BIDS Trading as an independently owned and operated trading venue that is separate from and not integrated with our national stock exchanges of record; damage to our reputation; the ability of our compliance and risk management practices to effectively monitor and manage our risks; our ability to effectively manage our growth and strategic acquisitions or alliances; limitations imposed by our indebtedness and our ability to make payments or refinance our indebtedness; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; litigation risks and other liabilities; and operation of the digital asset business and clearinghouse, including the expected benefits from our acquisition of ErisX, which was later rebranded as Cboe Digital, cybercrime, changes in digital asset regulation, digital asset custody losses and digital asset price fluctuations. Further information on the factors that may affect the difference in our actual results can be found in our filings with the SEC, including our Annual Report on Form 10-K for the year ended. December 31, 2021 and other filings with the SEC from time to time.

We do not undertake, and we expressly disclaim, any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this statement.

SOURCE Cboe Global Markets, Inc.


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