Cboe BIDS Australia to go live on March 27, 2023
Cboe Australia announces that the final regulatory and other requirements for the launch of Cboe BIDS Australia have been satisfied, and that accordingly BIDS will go live on Monday 27 March 2023.
Cboe BIDS Australia is a block and large-sized matching and execution service that Cboe operates under its Australian Market Licence. It allows buy and sell side traders to anonymously trade large parcels of equities on market while minimising information leakage.
BIDS will launch in two phases. Access to BIDS in phase one is limited to Cboe Australia market participants. Phase two, the launch of which will be advised by Cboe Australia in due course, will enable buy-side firms to also access the service through the BIDS Trader front-end interface.
Cboe Australia has amended the Operating Rules (Rules) and Operating Rules: Procedures (Procedures) to accommodate the launch of the launch of BIDS.
The new Rules and Procedures apply from 20 March 2023, ahead of the BIDS launch. The Rules and Procedures establish the regulatory framework for the service.