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
- Berenberg
- Bernstein Autonomous
- BMO
- BNP Paribas Exane
- Cannacord Genuity
- Carnegie, Inc.
- Danske Bank
- DNB Bank ASA
- Equita
- Goldman Sachs
- Handelsbanken
- HSBC
- Instinet Europe
- Investec
- Jefferies
- JP Morgan Securities
- Kepler Cheuvreux
- Liquidnet
- Mediobanca
- Metzler Bank
- Morgan Stanley
- Nordea Bank AB
- Oddo BHF
- Panmure Liberum
- RBC Europe Ltd.
- Redburn
- Renta 4 Banco
- Skandinaviska Enskilda Banken AB
- Société Générale
- Stifel Nicolaus Europe
- 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
- Bernstein Institutional Services
- BMO Capital Markets
- BNP Paribas Exane
- Cabrera Capital Markets, LLC
- Carnegie, Inc.
- DNB Markets
- Drexel Hamilton
- Handelsbanken
- Instinet
- Jefferies
- JP Morgan Securities
- Kepler Cheuvreux
- Mediobanca
- Mischler Financial Group
- Morgan Stanley
- North South Capital
- Penserra
- Redburn
- Rosenblatt Securities
- Stifel
- 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.
