Cboe Canada plans to unify its operations in Canada effective from January 1, 2024. This integration brings together the NEO Exchange, MATCHNow, and other regulated Canadian entities into one corporate structure, the exchange said in a statement shared with Cision.

Cboe Canada currently holds a share of 15% in the Canadian equities trading market. With the anticipated integration, the platform seeks to strengthen its market position and enact a comprehensive equities offering, including trading, market data, access services, and listings.

This unification aims for a stronger market position and focuses on streamlining services and enhancing client experience. Additionally, the stock exchange plans to migrate the existing NEO trading platform to Cboe technology in early 2025, subject to regulatory review.

Integrated Portfolio of Trading Capabilities

Dave Howson, the Global President of Cboe Global Markets, mentioned: "While these entities have operated seamlessly as part of Cboe since the acquisitions, the formal amalgamation of our Canadian operations as Cboe Canada is a significant step towards solidifying our foothold in the region even further and laying the foundation for the continued growth of our business."

The amalgamation intends to offer clients a consolidated and integrated portfolio of trading capabilities through a single access point. According to the exchange , this consolidation will foster greater operational efficiency and elevate the quality of service.

In June, Cboe Global Markets launched a global listing network to enhance how companies and exchange-traded funds access capital and secondary liquidity worldwide. This initiative began with the 'intralisting' of Abaxx Technologies.

Cboe's Global Expansion Plans

Cboe's vision for the global listing network extends beyond the US and Canada. The exchange aims to extend this capability to the UK, the Netherlands, and Australia. The exchange disclosed that its objective is to offer an unparalleled international listing experience, enhancing corporate and ETF exposure globally.

Meanwhile, Cboe Digital recently announced plans to introduce margin futures for Bitcoin and Ether starting January 11, 2024. This step enables the platform to facilitate spot and leveraged derivatives trading on a unified interface. The support is facilitated by eleven prominent firms from both the crypto and traditional finance sectors. Some of the notable participants are B2C2, Cumberland DRW, and StoneX Financial.

During the third quarter, Cboe experienced a surge in transaction volume, particularly in the options segment. This boost was propelled by the growing demand for risk management tools amidst economic uncertainties.