Cboe Introduces New Global Listing Network for Companies and ETFs

Friday, 02/06/2023 | 21:00 GMT by Jared Kirui

Abaxx Technologies is the first to be 'intralisted' on the new platform.

Stocks listed by Cboe in US and Canada would be available in the UK and the Netherlands.

Cboe Global Markets, the exchange network for global derivatives, FX and securities, has launched a global listing network to enable access for companies and exchange-traded funds (ETFs) to capital and secondary liquidity globally.

"Beginning today, all Cboe-listed stocks in the US and Canada can also be made available for trading in the Netherlands and the UK, with Australia to follow," Cboe said in a statement issued June 2. "Cboe's end goal is to enable corporate and ETF listing across all its exchanges, providing issuers with best-in-class global investor exposure."

Cboe Global Listings

Dubbed Cboe Global Listings, the new offering, according to the exchange, targets 'the purpose-driven Innovation Economy' comprising growth companies and those applying innovation to address global challenges.

Abaxx Technologies, a company that focuses on the tools for enhancing communications and trading on commodity exchanges, is the first to join Cboe Global Listings. Abaxx is listed on Cboe Canada, and with the 'intralisting', Cboe said, the company would also be listed on Cboe’s US platform.

Dave Howson, the Global President of Cboe Global Markets, remarked that: "Cboe has built an expansive, global equities footprint unrivaled in the industry that uniquely positions us to deliver the first-ever truly international listing experience for users seeking to tap markets beyond their homes."

Cboe's Global Market Share

Cboe's US and Canadian equities trading venues handle a combined $60 billion average daily notional value (ADNV), representing about 20% of the total equities trading market share in North America. Furthermore, Cboe's European equities exchange handles roughly €8 billion in ADVN, which is a 25% share of the European equities market, according to Cboe's data.

Similarly, in Australia, Cboe Global Markets said it operates the second biggest exchange with an ADVN of over $AUD 1.5 billion, which is approximately 19% of the daily trading of the Australian equities market.

Meanwhile, Finance Magnates reported that institutional forex trading demand recovered in May, with spot trading volume rising significantly from April's low. During the period, Cboe's FX market handled $940 billion in total spot trading, which is an increase of 18% compared to the previous month.