Wednesday March 29 2023
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: https://bit.ly/40qVxcP
Cboe Global Markets, Inc. (Cboe: CBOE) announced that it has successfully migrated Cboe Australia to Cboe technology on March 27th, 2023. Cboe Australia, formerly Chi-X Australia, was acquired by Cboe Global Markets in July 2021 and rebranded as Cboe Australia in February 2022.
With the migration to the Cboe technology platform, Cboe Australia has the performance and capacity to better meet both current and projected future capital markets trading volumes for the entire Australian equities marketplace.
Along with this technology migration, Cboe has launched Cboe BIDS Australia, bringing a new and innovative large-in-scale trading offering to the Australian equities market.
The launch of Cboe BIDS Australia is planned to occur in two phases. The first phase, which has launched in conjunction with the technology migration, involves brokers accessing the BIDS pool through their trading algorithms or via directed orders. The second phase is expected to occur in the coming months and will involve broker-sponsored buy-side access through the BIDS Trader front-end.
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