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BIDS TRADING
Buy-side users can access the BIDS ATS via a web-based GUI called BIDS Trader, or they can connect directly via FIX. All buy-side users are required to have at least one broker-dealer to sponsor their trading activity in BIDS. Sell-side users can interact with the BIDS ATS via either an algo or by becoming a sponsor for a buy-side firm. They can also choose to do both.
BIDS Trader, a web-based, front-end interface, seamlessly integrates with a trader’s OMS/EMS, allowing the buy-side to represent uncommitted orders passively in BIDS. Users can submit orders directly to the BIDS ATS in the U.S., Cboe BIDS Europe, and/or Cboe BIDS Canada. To connect, buy-side clients need at least one sponsoring broker, but they can work with as many brokers as they choose in each region.
When a match occurs, BIDS will send an invitation to the trader. The trader can then elect to change volume, price, and/or broker before they trade. Regardless of the route into the BIDS ATS, the trader maintains control of the order – and order details always remain confidential.
BIDS Trader is currently used by over 520 global asset managers.
We recognize that buy-side firms have diverse workflows. For clients who prefer minimal or no manual interaction with the GUI, we offer several alternative solutions to support their operating model.
For a demo of BIDS Trader or to learn more about our alternative connectivity options, contact us at [email protected] or 1.877.566.BIDS.
The BIDS ATS is accessible via the following trading platforms:
Order Management System |
|---|
| Bloomberg AIM |
| Charles River Development |
| Enfusion |
| Eze Eclipse |
| Fidessa OMS & Buy-side Workstation |
| INDATA IPM |
| InfoReach |
| Latent Zero |
| Linedata Longview & Trader |
| LiquidityBook LLC |
| Moxy |
| SS&C Eze |
| TradingScreen Inc. |
Execution Management System |
|---|
| Bloomberg EMSX |
| Eze Eclipse |
| FlexTRADER |
| Neovest |
| InfoReach |
| Instinet Newport |
| LiquidityBook LLC |
| Portware |
| TradingScreen Inc. |
| UBS Pinpoint |
| Virtu's Triton EMS |
Sponsoring Broker | Regions |
|---|---|
| ABG Sundal Collier | EU |
| Academy Securities, Inc.* | US |
| American Veterans Group, PBC* | US |
| Auberbach Grayson | EU |
| Aurel BGC | EU |
| B. Riley FBR, Inc. | US |
| B.Metzler seel. Sohn & Co KGaA | EU |
| Baader Bank AG | EU |
| Bancroft Capital, LLC* | US |
| Bank of America Merrill Lynch | EU, US, CA |
| Barclays Capital | EU, US |
| Berenberg | EU, US, CA |
| Bernstein | EU |
| Blaylock Van LLC* | US |
| BMO Capital Markets Ltd | EU, US, CA |
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*MWVBE Certified Broker
Brokers can connect to the BIDS ATS via direct FIX protocol with firm and/or conditional orders.
BIDS supplements the broker’s product offerings by allowing them to provide clients with a block crossing network that integrates directly with the client’s OMS/EMS and maintains the revenue generating relationship between the broker and the client.
Allows brokers to compete for the commission dollars directed to independent crossing networks.
BIDS provides a venue for brokers to interact with buy-side block liquidity on the same terms.
Please contact us at [email protected] or 1-877-566-2437 to request more information about our platform.
