Cboe BIDS Australia: Connected Brokers

Cboe BIDS Australia provides buy-side and sell-side users with a source of deep, secure liquidity, and gives users the opportunity to deepen their institutional relationships.

Today, there are approximately 100 sell-side brokers connected to BIDS globally and the number continues to grow with our expansion into other markets.

Buy-Side Users (Sponsored Users) can access Cboe BIDS Australia through the BIDS Trader front-end, which integrates with their EMS/OMS. Sponsored Users choose Sponsoring Participants or Introducing Brokers to execute transactions through, thereby strengthening sell-side relationships through commission and market share allocation.

How brokers are connected to the Service:

Cboe BIDS Australia Connected Brokers Direct BIDS Participant 1 Sponsoring Participant 2 Introducing Broker 3
Barrenjoey Markets Pty Limited TBC TBC N/A
BTIG Australia Limited TBC TBC N/A
Citigroup Global Markets Australia Pty Limited Target Q4 2024 TBC N/A
CLSA Australia Pty Ltd Target Q3 2024 Yes N/A
Instinet Australia Pty Ltd Yes TBC N/A
Jefferies (Australia) Securities Pty Ltd Yes Yes Yes
Liquidnet Australia Pty Ltd Yes No N/A
Morgan Stanley Australia Securities Limited Yes TBC N/A
Ord Minnett Limited TBC TBC N/A
(TBC) Sanford C. Bernstein N/A N/A TBC
UBS Securities Australia Ltd TBC Yes N/A
Virtu ITG Australia Limited Yes Yes N/A

Note: This table will be updated as more firms offer or commit to offer these services. Correct as at 8 October 2024.

1 Direct BIDS Participant: A Cboe Australia market Participant who is using the Service to submit conditional and/or firm orders and receive corresponding trades in their own name.

2 Sponsoring Participant: A Participant who has an agreement with a Sponsored User or Introducing Broker to offer execution and clearing services in relation to Cboe BIDS Australia.

3 Introducing Broker: A firm that has arrangements with a Sponsored User and a Sponsoring Participant in relation to Cboe BIDS Australia.

Please contact Cboe BIDS Australia team with any enquiries.