Cboe Europe reminds market participants about the forthcoming inclusion of prices from the Madrid and Oslo listing markets within the Cboe European Best Bid/Best Offer (EBBO) on the Cboe NL (DXE) platform. The change is set to be effective November 16, 2020.

The Cboe EBBO is used for order and execution collars to ensure best price and orderly price formation within the trading services offered by Cboe. The inclusion of these markets means that the following functionality will become available for Madrid and Oslo symbols in DXE:

• Cboe Dark Book
• Dark Lit and Dark Periodic sweep order types
• All Pegged order types (including Guarded Midpoint for Periodic Auctions)
• Dynamic collars for Oslo symbols are based on the EBBO prices, including the listing market prices. Dynamic collars for Spanish symbols are based on the BBO prices on BXE and CXE
• Static collars will no longer be applied to Madrid or Oslo symbols

All other market segments and functionality remain unchanged at Cboe. Let’s note that his change does not affect the BXE or CXE environments.

Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority. Cboe Europe BV is licensed to operate a Regulated Market, Multilateral Trading Facility and Approved Publication Arrangement by the Dutch Authority for the Financial Markets.