Cboe Global Markets, Inc. · CBOE:CBOE
Cboe Global Markets — Hotspot FX — Corporate Update (September 2015)
12 slides from Cboe Global Markets's corporate update, Sep 9, 2015
Slide 1: Customer Call – September 9, 2015
Customer Call – September 9, 2015 Preparation for the London Matching Engine Launch at LD4 & U.S. Matching Engine Migration to the NY5 Data Center
Slide 2: Hotspot Update
Hotspot Update • Today’s Agenda – London Matching Engine at LD4 – Final Weekend Test/Monday Go-live – U.S. Matching Engine Migration to NY5 – Roadmap and Planning – Business Update – Q&A Session for Customers • Today’s Speakers – Chris Isaacson, EVP, Global Chief Information Officer – Paul Reidy, He
Slide 3: London Matching Engine: Launch Timeline
London Matching Engine: Launch Timeline • Final Weekend Test Opportunity – This Saturday, September 12th – Test Hours: 12:00 noon – 4:00 p.m. BST / 7:00 a.m. – 11:00 a.m. ET – Synthetic pairs USD/XXX and USD/YYY will be available in the Production environment for this Saturday’s test – We encourage
Slide 4: London Matching Engine: Connectivity & Certification
London Matching Engine: Connectivity & Certification • Connectivity – Participants choose and arrange for connectivity to and within data center – It is not possible to access Hotspot using existing connectivity into the BATS equities markets CONNECTIVITY INQUIRIES SALES INQUIRIES prodsupport@hotspo
Slide 5: U.S. Matching Engine Migration to NY5: Roadmap
U.S. Matching Engine Migration to NY5: Roadmap Target Date (2015) Milestone June 15 Connectivity Manual Published August 14 Connections accepted at NY4 and NY5 data centers August 24 Cert/UAT available for customer testing (all pairs) September 29 Production available for customer testing (synthetic
Slide 6: NY5 Migration: Connectivity & Testing
NY5 Migration: Connectivity & Testing • Connectivity – Participants choose and arrange for connectivity to and within data center – It is not possible to access Hotspot using existing connectivity into the BATS equities markets – Like BATS equities markets in NY5, all connections will be latency-equ
Slide 7: NY5 Migration: Additional Items to Note
NY5 Migration: Additional Items to Note • Bilateral Credit – Bilateral Credit will be shared dynamically between Participating Financial Institutions (PFIs) for the New York and London matching engines – Credit document is available on the Hotspot website • LD4 to NY5 connectivity – Post migration o
Slide 8: Additional Information & Contacts
Additional Information & Contacts • Information Portals: • London Launch: www.hotspotfx.com/london • NY5 Migration: www.hotspotfx.com/ny5 – Will include all materials related to the launches including technical documentation, account documentation and notices • Key Contacts: CONNECTIVITY INQUIRIES S
Slide 9: Business Update – Free Trading on Hotspot London
Business Update – Free Trading on Hotspot London • Hotspot will be offering free trading for all transactions on the London matching engine until the end of the year • Our goal is to build a market with deep, consistent and stable liquidity • Europe, as the leading global FX center, is a top priorit
Slide 10: Business Update – Additional Pricing Initiatives
Business Update – Additional Pricing Initiatives • Pricing initiatives designed to drive deep liquidity and bring long overdue price competition to the global FX market – Free Gold Promotion • Hotspot is continuing to offer free trading for spot gold and silver pairs through at least the end of the
Slide 11: Business Update – August Volume & Activity
Business Update – August Volume & Activity • Hotspot posted average daily volume of $28.3 billion in August (21 days), a 20% increase from July1 • Total volume traded on Hotspot in August was $594.3 billion1 • ADV for the 12 months ending in August stands at $29.8B1 11 1 Source: Hotspot data
Slide 12: Summary
Summary • The London matching engine will launch on Monday, September 14th (with trading beginning September 13th at 10:00 p.m. BST/5:00 p.m. ET, to match our existing trading schedule) • The final weekend testing opportunity for the London matching engine is this Saturday, September 12th • We will