BIDS Trading

“When There Isn’t a Natural: Solving the Last Mile Problem of Principal Liquidity” – our white paper about buy-side engagement with non-natural block liquidity – can be viewed in full below. If your firm struggles to find #trading counterparties without prematurely revealing trading intentions, contact us for information on how we can help improve your trading workflows: https://lnkd.in/gGbW6qky

February was another standout month for Cboe BIDS Europe, the region’s largest equities block negotiation platform. With a 32% share of the above-LIS market, it was the largest platform of its type for the 35th successive month and also reported monthly records for total notional traded (€15.4bn) and average daily notional value (€771.3mn). To learn more about this unique source of block liquidity, visit: https://lnkd.in/dwVaMuKR

Looking for a new way to meet your execution benchmarks? Cboe BIDS VWAP-X, now live in the UK, is a first-of-its-kind, exchange-operated trajectory crossing service for European equities allowing participants to source and match scheduled volume which is executed at a forward benchmark price. ? Being offered as an extension of Cboe BIDS Europe, the region’s largest block trading platform, VWAP-X is utilising BIDS' proven conditional trade negotiation and execution workflow. ? Learn more here:?https://lnkd.in/eyu6FvZi

January 2025 highlights from Cboe BIDS Australia ?? Cboe BIDS Australia executed over $18m, marking a 16% increase compared to the previous year. Nearly half of this value came from block-size executions, which saw a 39% increase. Learn more about Cboe BIDS Australia: https://lnkd.in/ea6wqWrr Cboe Global Markets BIDS Trading

Cboe BIDS Australia is excited to welcome?Morgans Financial Limited as a?Sponsoring Participant. A?Sponsoring Participant provides buy-side users more flexibility when allocating trades and commissions. They also promote the expansion of trading capabilities by connecting Introducing Brokers and global fund managers to the local market. Cboe Global Markets BIDS Trading

It's always healthy to take a moment to look back at the past year, celebrating the successes and achievements. Grateful to our partners across the street for their invaluable support in achieving our goals. A heartfelt thank you to the BIDS Trading and Cboe Global Markets teams for their outstanding execution. Here's to a promising journey ahead in 2025!!! https://lnkd.in/ezVCYDfi

Cboe BIDS VWAP-X, now live in the UK, is the first venue-based trajectory crossing service in Europe's equity market. Being offered as an extension of Cboe BIDS Europe, the region's largest block negotiation platform, it allows Participants to source and match scheduled volume which is executed at a VWAP price. For more information, visit: https://lnkd.in/eyu6FvZi

Cboe BIDS Australia is excited to welcome UBS as an Introducing Broker. An Introducing Broker promotes the expansion of our trading capabilities by connecting global fund managers with the local market. They also provide buy-side users more flexibility when allocating trades and commissions. Cboe Global Markets BIDS Trading UBS Investment Bank

A buy-side trader looking to sell 200,000 shares of a small cap biotech is probably hoping to find a natural buyer. But if there isn’t a natural counterparty willing buy those 200,000 shares, the buy-side trader can try to work the order, wait for natural liquidity to show up, or interact with a market participant trading for their own account (a principal). Given we’ve observed our GUI-based buy-side users only get matched on one in three parent orders, this three-option decision tree is one that is frequently encountered - and is part of a workflow we’ve worked hard to address. Read our white paper – “When There Isn’t a Natural: Solving the Last Mile Problem of Principal Liquidity” – for an in depth look at some common misconceptions about non-natural liquidity and what our data tells us about how the buy-side engages with principals ??

In the absence of natural liquidity, asset managers may need to engage with principal liquidity, or liquidity that originates from a market participant trading principally for their own account. There is a common perception that this type of liquidity could harm an investor’s performance due to information leakage or adverse selection. But is this true? How does the buy-side engage with non-natural, principal liquidity? See our latest white paper for in-depth analysis of sourcing non-natural liquidity and how we work to solve workflow and design problems related to buy-side trading with principal contras below ??