Chicago, October 23 (Reuters) / PRNewswire / -- Cboe Global Markets, Inc. ( Cboe : CBOE ), a leading global market operator and pioneer in the field of stock and index derivatives, announced on Thursday that Cboe Clear U.S., LLC ( CCUS ) has obtained temporary registration from the U.S. Securities and Exchange Commission ( SEC ) to operate as a regulated clearinghouse ( Covered Clearing Agency ).
This registration will extend the clearing capabilities of CCUS beyond its current authority with the derivatives clearing organization DCO which is registered with the US Commodity Futures Trading Commission (CFTC). In addition to futures and swap products, it will now be able to clear securities products as well. Cboe stated that, combined with recent enhancements to its regulatory framework and product range, this milestone enables CCUS to support innovation and emerging opportunities in a wider range of assets and markets.
CCUS will first utilize its SEC registration to clear Cboe binary securities options linked to key performance indicators ( KPI ) of specific enterprises. The related products are planned to be listed on Cboe Options Exchange in the fourth quarter of 2026 and will also be available on Robinhood. CCUS has recently also received approval from CFTC to widely clear margin futures and will continue to clear digital asset derivatives with its DCO qualifications.
CCUS leader Dale Michaels stated: "Clearing plays a key role in facilitating the introduction of innovation to the market. These enhanced capabilities make Cboe Clear U.S. a promising channel for supporting new products and meeting the ever-changing needs of customers, while maintaining the strict risk management standards on which our business foundation relies."
These measures complement Cboe's long-term partnership with The Options Clearing Corporation ( OCC )®, and also reflect Cboe's commitment to continue supporting the existing clearing infrastructure for traditional stock options.
This progress is built on the growth of Cboe's mature European clearing business. Cboe Clear Europe has become a leading pan-European central counterparty for stocks in Europe and is also expanding into new services such as securities financing transaction clearing. Cboe indicates that these advancements collectively demonstrate the company's ability to extend its clearing capabilities to different markets and asset classes.
To support its future growth, CCUS has strengthened its infrastructure construction over the past year, including choosing to become Subpart C DCO in June. Through this measure, CCUS has voluntarily adopted the enhanced standards applicable to the system's critical DCO by CFTC, which cover financial resources, risk management, and operational resilience, and are in line with the standards applied by leading global clearing institutions.
About Cboe Global Markets
Cboe Global Markets ( Cboe : CBOE ) is a leading global market operator with a long history of innovation in the field of stock and index derivatives. Since the launch of the world's first listed options exchange in 1973, Cboe has been at the forefront of milestone product innovations, including the introduction of S&P 500® index options and the creation of the VIX ® index – a globally leading measure of market volatility – which has reshaped the way investors manage risk and seize opportunities. Today, Cboe operates derivatives, stock, and foreign exchange markets, providing trading, clearing, and investment solutions to customers around the world. For more information, please visit www.cboe.com.
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__BJWKEEP_00004®, __BJWKEEP_00001®, and __BJWKEEP_00005® are registered trademarks or service marks of Cboe Exchange, Inc. S&P 500® is a registered trademark of Standard & Poor. All other trademarks and service marks are the property of their respective owners.
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Factors that may lead to different actual results include: the loss of the exclusive listing and trading rights for certain index options and futures products; economic, political, and market conditions; compliance with legal and regulatory obligations; competition in prices and new products and services, as well as industry consolidation; decreases in trading or clearing volumes, market data fees, or changes in the structure of products traded on exchanges; legislative or regulatory changes, or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and intrusions; our ability to attract and retain highly skilled management personnel and other employees; intensified competition from domestic and foreign entities; our dependence on third parties in our business and related risk exposures; factors that affect the quality and integrity of the indices we use; our ability to effectively manage global operations, growth, as well as strategic acquisitions, divestitures, spin-offs, or alliances; increases in the costs of products and services we use; our ability to conduct business without infringing on the intellectual property rights of others, as well as the costs associated with protecting our own intellectual property; our ability to minimize credit, liquidity, market, investment, counterparty, and default risks related to the operation of clearinghouses; our ability to avoid system failures or performance declines despite significant increases in trading and clearing volumes and transaction traffic; improper behavior by market participants or our counterparty in clearing transactions; challenges related to our use of open-source software code; our ability to meet compliance obligations, including managing business interests and regulatory responsibilities; loss of key customers or a significant reduction in their trading/clearing volumes; damage to our reputation; whether our compliance and risk management methods can effectively monitor and manage risks; limitations imposed by debt obligations and our ability to repay or refinance debt; our ability to maintain an investment-grade credit rating; impairment of goodwill, long-term assets, investments, or intangible assets; the accuracy of estimates and forecasts; and litigation risks and other liabilities.For more detailed information that may affect the actual results, please refer to the documents we submitted to SEC, including the Form 10-K annual report for the fiscal year ending December 31, 2025, as well as other documents submitted from time to time thereafter.
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