11.05.2018

Cboe Has Record Month For Block Trades

11.05.2018

Cboe Global Markets, Inc. (Cboe: CBOE), one of the world’s largest exchange holding companies, today reported that its European block trading platform, Cboe LIS, set a new monthly record in October with average daily notional value (ADNV) traded of €348 million, up 27.7% from its previous record month in July 2018.

When looking at large-in-scale (LIS) activity taking place on non-displayed venues, Cboe LIS accounted for 22% of that volume in October, according to data analytics provider big xyt.

Mark Hemsley, President of Cboe Europe, said: “October was an exceptional month for Cboe LIS, which continued to be the fastest growing block trading platform in Europe. We have received positive feedback from both buy-side and sell-side firms who appreciate the diversified order flow, information leakage protection and seamless and easy to use nature of the platform.”

Cboe LIS is an indication of interest (IOI) and execution venue, powered by BIDS technology, that allows market participants to trade large blocks of European equities. Cboe LIS provides buy-side firms with control over their IOIs up until execution, which helps to protect against information leakage, while maintaining their important relationships with their brokers. Additionally, Cboe LIS is unique in that it brings together the block flow of both the buy-side and sell-side, which allows for greater crossing opportunities.

Source: Cboe

 

Related articles

  1. AllianceBernstein expects to expand its ETF suite next year, particularly in equity and multi-asset.

  2. UK-focused funds had second-worst outflows on record.

  3. Game theory provides a new perspective on trading that could transcend existing paradigms. 

  4. The exchange selected Axiom based on its low latency, stability, and resiliency.

  5. Money Market Reform Switches to Europe

    MEMX reviewed recent S&P 500 stock splits to see the impact of changing round lots in high-priced stocks.