BIDS Trading®

Block Trading Perfected™

A highly liquid, low-cost, broker sponsored service for block traders designed to foster competition and resolve inefficiencies in block trading.

Live Execution

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Overview

BIDS Trading is a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), a premier platform that provides buy-side and sell-side market participants an off-exchange venue to anonymously trade large blocks of equities. BIDS’ open access model encourages participation from a broad, diverse pool of market participants. The extensive global distribution network of BIDS Trader, a web-based front-end interface used by over 520 asset managers and 100 brokers globally, enables users to source real liquidity, maintain anonymity, and minimize dissemination of trade information, helping them to efficiently execute large orders without significantly affecting market price. BIDS Trading is the largest independent block trading platform in the U.S. and Europe by trading volume.

Solutions

BIDS Trading’s innovative platform is available in multiple regions:

  • United States
  • Cboe BIDS Canada
  • Cboe BIDS Europe

This global presence ensures that institutional traders can access deep liquidity and advanced block trading tools wherever they operate.

Powerful Trading Tools

BIDS Trader

A web-based, front-end interface for buy-side traders that seamlessly integrates with a trader’s Order Management System/Execution Management System, providing one-click direct access to the BIDS ATS through a single point of entry. BIDS also provides automated access for buy-side traders that do not use GUIs.

IOI

BIDS offers Actionable IOIs (Directed IOIs in Europe) – an innovative market model that adds unique liquidity to existing platform and facilitates the option for bi-lateral disclosed trading, streamlining execution and delivery.

Customizable Controls

The BIDS ATS empowers users with customizable tools for successful execution. Traders control information disclosure and minimum block size and can interact with trading partners based on past behavior.

Order Types

BIDS supports a variety of order types, such as Limit Orders and Midpoint Pegged Orders, which may be submitted as Firm for immediate execution or Conditional for simultaneously searching liquidity across venues.

Order Protection

The use of minimum size designation and BIDS Scorecards℠ and Filters℠ allow traders to filter counterparties and control information sharing, ensuring only qualified counterparties see order details.

Sponsored Access

Allows buy-side users to settle trades and pay 100% of their valuable commission dollars to the sponsoring broker-dealer of their choice rather than disintermediate brokers, helping to maintain and enhance key broker-dealer relationships.

Learn More

Explore our BIDS Trader Cheatsheet for a quick overview of platform features.

Key Resources

Newsletters

Catch up on BIDS' most recent newsletters.

Bids Trading Newsletter
Trading and Investing

BIDS Trading March Volumes

March 2026 highlights for BIDS Trading include Average Daily Volume of 240.2 million and an average block-size execution of 22,700. This month's newsletter includes details about updates to the Overtime feature, a list of sponsoring broker/dealers and integration partners, as well as a market sector break down.

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Trading and Investing

BIDS Trading: February 2026 Volume

BIDS Trading is a registered broker-dealer and the operator of the BIDS ATS, which is designed to bring counterparties together to anonymously trade blocks of stock.

Contact Us

Email

General Inquiries

[email protected]

BIDS Operations / FIX Group

[email protected]

Partner Inquiries

[email protected]

Connectivity Inquiries

[email protected]

Sales Inquiries

[email protected]

Career Inquiries

[email protected]

Marketing Opportunities

[email protected]

Address + Phone

BIDS Trading L.P.

One Liberty Plaza

165 Broadway, 23rd Floor

New York, NY 10006

Toll Free

877-566-2437

Fax

212-618-2031

BIDS Trading is a subsidiary of BIDS Holdings L.P., wholly owned by Cboe Global Markets, Inc. The BIDS ATS is not a registered national securities exchange or a facility thereof.