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 2023 | TBC | N/A |
| CLSA Australia Pty Ltd | Target Q1 2024 | Yes | N/A |
| Instinet Australia Pty Ltd | Yes | TBC | N/A |
| Jefferies (Australia) Securities Pty Ltd | Yes | Yes | N/A |
| 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 28 September 2023.
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.