Institutions trade on Cboe BIDS Europe through a designated broker model, which is similar to the sponsored user model offered by BIDS Trading. This model allows institutions to choose from a list of “designated brokers” to clear and settle trades just as if a client traded with them directly. Designated brokers have a pre-existing relationship with an institution and are members of Cboe European Exchange, so they can clear and settle the trade. An institution must select a designated broker prior to submitting a firm order to trade through Cboe BIDS Europe.
Designated Brokers (EU-based Users):
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*BIDS Trading, Cboe BIDS Europe, and Cboe Europe are subsidiaries of Cboe Global Markets, Inc. The BIDS ATS is not a U.S. registered national securities exchange or a facility thereof.
