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
  • Aurel BGC
  • Baader Bank AG
  • Bank of America Merrill Lynch
  • Barclays Capital
  • BMO
  • Cannacord Genuity
  • Credit Suisse
  • Danske Bank*
  • DNB Bank ASA
  • Equita*
  • Exane BNP Paribas
  • Goldman Sachs
  • HSBC
  • Instinet Europe
  • Jefferies
  • JP Morgan Securities
  • Kepler Cheuvreux
  • Liquidnet
  • Mediobanca*
  • Metzler Bank*
  • Morgan Stanley
  • Nordea Bank AB*
  • Oddo BHF
  • RBC Europe Ltd.
  • Redburn
  • Sanford C. Bernstein Ltd.
  • Societe Generale
  • Tradition Securities and Futures
  • UBS
  • Virtu ITG Europe

Introducing Brokers (US-based Users)

  • ABG Sundal Collier
  • Auerbach Grayson
  • Baader Bank AG
  • Bank of America Merrill Lynch
  • Banco Santander S.A.
  • Barclays
  • Cabrera Capital Markets, LLC
  • Credit Suisse
  • DNB Markets
  • Drexel Hamilton
  • Exane BNP
  • Instinet
  • Jefferies
  • JP Morgan Securities
  • Kepler Cheuvreux
  • Mediobanca
  • Mischler Financial Group
  • Morgan Stanley
  • Redburn
  • Sanford C. Bernstein & Co, LLC
  • UBS

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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.