Will Mitting looks at the different approaches taken by the various US exchanges launching in London this year.
On February 1, the CBOE Futures Exchange London hub went
live giving European traders low latency access to the world's
fastest growing futures exchange. The London launch by CBOE
comes as its US counterparts also set their sights on the
European market. But which model will win out?
The CBOE link provides European traders with lower latency
access to its VIX futures contracts, the flagship offering of
CBOE's burgeoning futures subsidiary CFE, via the Equinix data
centre in Slough. The move will extend trading in VIX futures
to a 24/5 basis and marks the first expansion out of the US for
William Brodsky, the chairman and chief executive of the
exchange group who will be stepping down in May, said in an
interview with FOW in January that the hub will enable European
traders to trade VIX futures in microseconds.
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