Cboe Europe’s New EBBO Service Targets Retail Markets

Cboe Europe is leveraging its pan-European coverage, extensive market relationships, and commitment to innovation to deliver better execution outcomes for retail investors. According to a story in The Trade news, Cboe’s EBBO retail service is a new trading solution designed to improve execution quality for retail investors trading European stocks and ETFs. This service will go live on September 8th, subject to all of the required regulatory external assessments. It will enable any broker that handles retail order flow to execute those orders free of charge at or better than the European best bid and offer (EBBO).  To support this initiative, Cboe is launching a retail liquidity provider (RLP) program featuring highly competitive fees. The program is designed to incentivise liquidity providers to post orders at the EBBO, exclusively accessible to retail order flow. The service will be fully integrated into Cboe’s Lit Order Book, which offers access to over 8,000 stocks and ETFs from 18 countries across Europe, including Switzerland and the UK. This will allow retail orders to interact with liquidity from both RLPs and the broader market to ensure they have access to the best possible prices.