Cboe Europe to Launch EBBO Retail Trading Solution

Cboe Europe is set to launch a trading service on its lit order book aimed at retail investors on September 8, 2025, pending UK and Dutch regulatory approval.  According to a story in The Trade news, the new service will allow retail investors to trade free of charge across 18 of Europe’s markets, either at or better than the European best bid and offer (EBBO).  The launch will be coupled with the introduction of a retail liquidity provider program (RLP), which is expected to encourage market makers to post orders at the EBBO designed for retail order flow interaction, and ultimately enhance retail execution quality. The service is also expected to support diversity and integration in lit order books, and the exchange has said that retail orders will be able to interact with quotes from RLP and non-RLP participants to gain execution at the best prices.  The solution will form part of Cboe Europe’s exchange offering and existing Cboe Europe participants will be able to access the service through their current connectivity.