CBOE - Powered by BIDS

The Cboe-BIDS Relationship

The Cboe-BIDS Relationship

Cboe Europe Equities has licensed BIDS’ proprietary matching engine technology to power Cboe LIS. By licensing BIDS technology, Cboe LIS offers users trading European equities the same trading benefits offered on the BIDS ATS for US securities.

The BIDS ATS has been in operation for over 10 years and is currently the largest US block crossing network by volume.† The BIDS ATS has successfully combined sell-side and buy-side block liquidity and offers a unique sponsorship model which provides the buy-side an efficient commission management tool.

Cboe Europe, the operator of Cboe LIS, offers trading in more than 5,500 equities across 15 major European markets on one platform.§ Cboe’s Recognised Investment Exchange is the largest European equities exchange by market share and value traded.‡ The combination of BIDS’ innovative trading model and Cboe’s trading infrastructure and post-trade clearing connections allow the extension of the BIDS block trading model to the European markets on the Cboe LIS platform.
†Source: FINRA – OTC Transparency
§See: Cboe Large In Scale Service
‡See: Cboe Europe Equities
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*BIDS Trading is not affiliated with Cboe. BIDS affiliate, BIDS Global Services, has licensed certain technology to Cboe for the purpose of operating Cboe LIS.