{"id":171720,"date":"2019-12-11T09:40:56","date_gmt":"2019-12-11T09:40:56","guid":{"rendered":"https:\/\/wordpress-693215-2610341.cloudwaysapps.com\/index.php\/2019\/12\/11\/cboe-to-acquire-euroccp\/"},"modified":"2019-12-11T09:40:56","modified_gmt":"2019-12-11T09:40:56","slug":"cboe-to-acquire-euroccp","status":"publish","type":"post","link":"https:\/\/theotcspace.com\/cboe-to-acquire-euroccp\/","title":{"rendered":"Cboe To Acquire EuroCCP"},"content":{"rendered":"<p><span style=\"font-size:12px\"><span style=\"font-family:Arial,Helvetica,sans-serif\">Cboe Global Markets has entered into an agreement to acquire EuroCCP, for an undisclosed amount. The transaction is expected to close in the first half of 2020 subject to regulatory approval.<\/span><\/span><\/p>\n<p><span style=\"font-size:12px\"><span style=\"font-family:Arial,Helvetica,sans-serif\">EuroCCP clears trades for 39 trading venues, which represent close to 95 percent of Europe&#39;s equity landscape. EuroCCP clears on average between &euro;30 to &euro;40 billion daily.&nbsp;<\/span><\/span><span style=\"font-size:12px\"><span style=\"font-family:Arial,Helvetica,sans-serif\">Cboe already owns 20% of EuroCCP, along with Euronext, Nasdaq, ABN AMRO Clearing Bank and The Depository Trust &amp; Clearing Corporation (DTCC).<\/span><\/span><\/p>\n<p><span style=\"font-size:12px\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><strong>Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets<\/strong> said, &quot;Cboe&#39;s planned acquisition of a leading equities clearing house in Europe is an important step in our growth strategy for the region. We believe ownership of EuroCCP will enhance our current European equities business, while providing opportunities to potentially diversify our business, including trading and clearing derivatives, in the future.&quot;<\/span><\/span><\/p>\n<p><span style=\"font-size:12px\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><strong>C&eacute;cile Nagel, Chief Executive Officer of EuroCCP<\/strong> said, &quot;Cboe is a staunch advocate of open access and interoperability, values which EuroCCP has long promoted, with an established track record of servicing clients globally and providing innovative products across numerous asset classes.&rdquo;<\/span><\/span><\/p>\n<p><span style=\"font-size:12px\"><span style=\"font-family:Arial,Helvetica,sans-serif\">The potential impact to Cboe&#39;s earnings per share is expected to be in the range of $0.08 to $0.10 for 2020 and 2021. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cboe Global Markets has entered into an agreement to acquire EuroCCP, for an undisclosed amount. The transaction is expected to close in the first half of 2020 subject to regulatory &#8230; <\/p>\n<div><a href=\"https:\/\/theotcspace.com\/cboe-to-acquire-euroccp\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":1,"featured_media":18557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2862],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/171720"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/comments?post=171720"}],"version-history":[{"count":0,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/171720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=171720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/categories?post=171720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/tags?post=171720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}