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Cboe Europe to Launch Closing Cross

Cboe Europe, a division of Cboe Global Markets, announced it plans to launch Cboe Closing Cross (3C), a new post-close trading service that will provide a simple, cost-effective way for market participants to execute their end of day trading activities. According to a story in MarketsMedia, 3C is a seamless, one-stop solution for customers looking to execute their post-close trading activities across the 18 European markets that Cboe serves. There will be no cost to utilize 3C until the end of the year. 3C allows market participants to choose the price they wish to trade at after the continuous trading session has ended. 3C functions independently from the listing exchange and does not depend on their closing auction price. The 3C trading session will begin after continuous trading has ended at 16:30 UK time and will continue until 17:15. 3C is scheduled to launch on 16th August 2019.

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