- Designed to help remove settlement risk for OTC digital asset
transactions, Cboe Digital's settlement service facilitates
clearing and settlement via Cboe Digital's U.S. regulated,
real-time clearinghouse
CHICAGO, Sept. 14,
2023 /PRNewswire/ -- Cboe Digital is pleased to
announce it has successfully cleared its first trade from Nonco
U.S., a subsidiary of one of the largest over-the-counter (OTC)
providers in Latin America, and DV
Chain, an affiliate of Chicago-based proprietary trading group DV
Trading and provider of world-class cryptocurrency trading and technology, on its new Cboe
Digital Settlement Service.
Designed to help remove settlement risk for OTC digital asset
transactions, Cboe Digital's settlement service facilitates
clearing and settlement via Cboe Digital's U.S. regulated,
real-time clearinghouse. The offering can be accessed via
standardized API or Cboe Digital's fully integrated Trading User
interface.
"We are thrilled to announce that Nonco and DV Chain cleared
their first trade using Cboe Digital. Our first trade,
facilitated by Cboe Digital's settlement service, is a significant
milestone for Nonco as the industry evolves, matures and starts to
understand the importance of counterparty risk," said
Jeff Howard, Managing
Director at Nonco. "Nonco was built with this in mind. We
give clients the optionality to settle trades how and where they
want, mitigating their counter-party risk. This is an
important step forward for the industry as central clearing and
counter-party risk become more important than ever. As the industry
evolves, so does Nonco."
"Cboe Digital's settlement service unifies clearing and
settlement across multiple execution pathways driving capital and
operational efficiencies for firms choosing to clear and settle
with Cboe Digital," said John
Palmer, President of Cboe Digital. "We are pleased
to provide Nonco markets with an efficient and effective solution
for clearing and settlement."
"The experience DV Chain has had with Cboe Digital has been
exceptional. Beyond how smoothly this recent OTC trade
process went, what I appreciate most about trading at Cboe Digital
is that by introducing clearing, counterparty risk is mitigated via
the clearinghouse," said Dave
Vizsolyi, Head Trader at DV Chain.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market
infrastructure and tradable products, delivers cutting-edge
trading, clearing and investment solutions to market participants
around the world. The company is committed to operating a trusted,
inclusive global marketplace, providing leading products,
technology and data solutions that enable participants to define a
sustainable financial future. Cboe provides trading solutions and
products in multiple asset classes, including equities,
derivatives, FX, and digital assets, across North America, Europe and Asia
Pacific. To learn more, visit www.cboe.com.
About Cboe Digital
Cboe Digital offers individuals and institutions a single,
innovative platform to access crypto
spot and futures markets. By combining professional tools, advanced
technology, sophisticated regulatory oversight, and a diverse
product set, Cboe Digital offers compliant, capital markets
friendly workflows to digital market participants. Backed by some
of the world's largest trading firms and financial institutions,
Cboe Digital brings transparency and reliability to the digital
asset class.
Cboe Digital Futures are offered through Cboe Digital Exchange,
LLC, a CFTC registered DCM and Cboe Clear Digital, LLC, a CFTC
registered DCO. The CFTC does not have regulatory oversight
authority over virtual currency products including spot market
trading of virtual currencies. Cboe Digital's Spot Market is not
licensed, approved or registered with the CFTC and transactions on
the Cboe Digital's Spot Market are not subject to CFTC rules,
regulations or regulatory oversight. Cboe Digital's Spot Market is
subject to certain state licensing requirements and operates in NY
pursuant to Cboe Clear Digital's license to engage in virtual
currency business activity by the New
York State Department of Financial Services. Cboe Digital
and the Cboe Digital logo are trademarks of the Cboe Global Markets
Group of companies. To learn more, visit www.cboedigital.com.
Cboe Media
Contacts
|
|
|
Cboe Analyst
Contact
|
Angela
Tu
|
Jessica
Darmoni
|
|
Kenneth Hill,
CFA
|
|
+1-646-856-8734
|
+1-312-756-8716
|
|
+1-312-786-7559
|
|
atu@cboe.com
|
jdarmoni@cboe.com
|
|
khill@cboe.com
|
|
CBOE-C
CBOE-OE
Cboe®, Cboe Global Markets®, and Cboe Clear® are registered
trademarks and Cboe DigitalTM is a service mark of Cboe
Global Markets, Inc. and its subsidiaries. All other
trademarks and service marks are the property of their respective
owners.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cboe-digital-settlement-service-successfully-clears-first-trade-between-nonco-and-dv-chain-301928381.html
SOURCE Cboe Global Markets, Inc.