Cboe Global Markets

MATCHNow Conditionals Update

April 21, 2021

In a recent note to customers, Bryan Blake, Vice President, Canadian Equities, shared records in MATCHNow's Conditional Order Book, detailed plans to further enhance the Conditional Order Book and more.

Several new records were set in MATCHNow’s Conditional Order Book in March. These records, which are listed below (single-counted), further highlight the continuous growth we have seen in Conditional Orders as new participants begin using the innovative order type.

  • Monthly Volume Traded: 17,409,100
  • Average Daily Volume Traded: 756,917
  • Monthly Value Traded: $576,278,222
  • Average Daily Value Traded: $25,055,575
  • Average Nominal Trade Size: $446,381

We are proud to lead the evolution of non-displayed liquidity in Canada and help our clients access midpoint block liquidity. However, we know that many of our clients may need more information before choosing to trade Conditional Orders. If that’s you, I encourage you to watch the short video below that breaks down Conditional Orders, from why we created the order type to how it works and how it will help you enhance your trading execution.

In addition to this recent growth, we are eager to provide an even better Conditional Orders experience. We recently filed a significant change for public comment to further enhance matching opportunities in the MATCHNow Conditional Order Book. The proposed change would allow firm (resting) dark orders (also known as "Liquidity Providing Orders") to interact and match with Conditional Orders on an opt-in basis. 

Finally, please join us on May 11 for an update on our migration to Cboe technology and to learn more about our latest initiatives.

 


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The information in this letter is provided for general education and information purposes only. No statement(s) within this letter should be construed as a recommendation to buy or sell a security or to provide investment advice. Supporting documentation for any claims, comparisons, statistics or other technical data in this letter is available by contacting Cboe Global Markets at www.cboe.com/Contact.