Cboe Successfully Completes Migration of Cboe Digital Exchange Futures to Cboe Futures Exchange
Cboe Successfully Completes Migration of Cboe Digital Exchange Futures to Cboe Futures Exchange |
| [09-June-2025] |
CHICAGO, June 9, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced it has successfully migrated its Cboe Digital Exchange futures offerings onto Cboe Futures Exchange (CFE) on June 9, 2025. With the Financially Settled Bitcoin (FBT) and Financially Settled Ether (FET) futures now listed on CFE, all of Cboe's U.S. futures products will trade on one exchange, powered by the same leading-edge technology platform. This consolidation adds to CFE's tradable product suite and potentially provides customers with more seamless access and efficiencies.
Following the launch of Cboe Volatility Index (VIX) futures more than two decades ago, CFE has been a leader in volatility trading and bringing innovative, new products to the exchange-listed, centrally cleared environment. CFE's offerings, which in addition to VIX futures include innovative products based on equity volatility, digital assets and global fixed income, are designed to meet the trading needs of different types of market participants. The cash-settled FBT and FET futures – which initially launched on Cboe Digital Exchange in January 2024 – are based on the price of the respective Cboe Kaiko Rate Index. The futures will join CFE's recently launched Cboe FTSE Bitcoin Index Futures, which are cash-settled futures based on the FTSE Bitcoin Reduced Value Index (ticker: XBTF). In addition, FBT and FET futures will be available to trade on a nearly 24x5 basis. FBT and FET futures will continue to be centrally cleared through Cboe Clear U.S., a CFTC-regulated derivatives clearing organization. Significantly, this will establish a direct clearing relationship between CFE and Cboe Clear U.S., positioning Cboe to further grow its global clearing capabilities. All other U.S. futures listed on CFE will continue to clear through OCC. "We are excited to successfully migrate bitcoin and ether futures trading onto CFE, powered by our world-class technology – a platform that our customers know and trust," said Catherine Clay, Global Head of Derivatives at Cboe. "Accessibility is crucial when creating a healthy futures trading ecosystem, and by moving FBT and FET futures to CFE, we expect to open the door for potentially greater customer access and liquidity in these products. CFE established volatility as a tradable asset class, and Cboe continues to build on this legacy by growing our exchange-traded futures ecosystem. Significantly, with the addition of ether futures, our customers can now trade a more diverse range of products on one platform." Trading on CFE is powered by Cboe TitaniumSM, which powers all of Cboe's global equities, options and futures markets. Cboe Titanium is a unified and globally consistent technology platform, using common protocols and features across its markets and is designed to offer customers an efficient and seamless experience regardless of where they are in the world. It is also a locally optimized platform enabling potential innovation and customization for each market or asset class such as digital asset futures. "By migrating the bitcoin and ether futures to CFE, powered by Cboe Titanium technology, customers will be able to leverage the state-of-the-art platform that powers Cboe's trading across the globe," said Chris Isaacson, Chief Operating Officer at Cboe. "Cboe Titanium provides immense value to the regulated crypto market as it is built to be resilient, power nearly 24-hour trading and seamlessly handle bouts of volatility. With all of Cboe's equities and derivatives markets successfully migrated onto one common technology platform, we will look to build on our customer-first approach and strive toward expanding market access and innovation, while growing our global clearing capabilities." Contract specifications and trading symbols for FBT and FET futures remain materially the same following the transfer to CFE. Notably, FBT and FET futures are available to trade nearly 24 hours a day, Monday through Friday, providing investors with extended trading hours to help manage bitcoin and ether exposure. For more information on the migration including technical specifications and margin rates, visit here. About Cboe Global Markets Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.
CBOE-C Cboe®, Cboe Global Markets®, CFE®, and Cboe Futures Exchange® are registered trademarks or service marks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. Trading in futures and options on futures is not suitable for all market participants and involves the risk of loss, which can be substantial and can exceed the amount of money deposited for a futures or options on futures position. You should, therefore, carefully consider whether trading in futures and options on futures is suitable for you in light of your circumstances and financial resources. You should put at risk only funds that you can afford to lose without affecting your lifestyle. For additional information regarding the risks associated with trading futures and options on futures and with trading security futures, see respectively the Risk Disclosure Statement Referenced in CFTC Letter 16-82 and the Risk Disclosure Statement for Security Futures Contracts. Certain risks associated with options, futures, and options on futures and certain disclosures relating to information provided regarding these products are also highlighted at https://www.cboe.com/us disclaimers. Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures, digital assets or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with any third parties referenced in this press release. Investors should undertake their own due diligence regarding their securities, futures, digital assets, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein. Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities, futures, or digital assets in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation. Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise any third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release. 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 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. 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 anticipated trends in our business. These statements are only predictions based on our current expectations and projections about 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 by the forward-looking statements. We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to 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 products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel, increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty investment, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; 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; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings made from time to time with the SEC. We do not undertake, and we expressly disclaim, any duty 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 hereof.
SOURCE Cboe Global Markets, Inc. | ||||||||||||||||||||||||||
Company Codes: AMEX:CBOE | ||||||||||||||||||||||||||
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