CBOE - Powered by BIDS

Designated Broker Model

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):

  • ABG Sundal Collier
  • Aural BGC
  • Baader Bank AG
  • BofA Securities Europe
  • BMO Capital Markets
  • Barclays Capital
  • Berenberg
  • Bernstein Autonomous
  • BNP Paribas Exane
  • Cancaccord Genuity
  • Danske Bank*
  • DNB Bank*
  • Equita*
  • Goldman Sachs
  • HSBC
  • Instinet Europe
  • Investec
  • Jefferies
  • JP Morgan Securities
  • Kepler Cheuvreux
  • Liberum Capital
  • Liquidnet
  • Mediobanca*
  • Metzler Bank*
  • Morgan Stanley
  • Nordea Bank AB*
  • Oddo BHF
  • RBC Europe Ltd
  • Redburn
  • Stifel Nicolaus Europe
  • Tradition Securities & Futures
  • UBS
  • Virtu ITG Europe

*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.