Trading

Cboe chases late-day trading with alternative to closing auctions

The Chicago-based exchange has plans to launch a platform called 3C

Cboe Global Markets is making a play for the billions of euros of shares bought and sold after markets close — a move that will extend the European trading day.

The Chicago-based exchange has plans to launch a platform called 3C as an alternative to trading in so-called closing auctions, a five-minute period after markets close in which official prices of stocks are set.

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