Cboe Australia Completes Technology Migration Alongside Launch of Cboe BIDS Australia

Cboe Global Markets successfully migrated Cboe Australia to the Cboe technology platform on 27 March according to a story in The Trade news. Cboe Australia, which was formerly Chi-X Australia, was acquired by Cboe Global Markets in July 2021 and then later rebranded as Cboe Australia in February 2022. Having successfully migrated to the Cboe technology platform, Cboe Australia will now have the performance and capacity to meet current and projected future capital markets trading volumes for the entire Australian equities marketplace. Alongside the successful technology migration, Cboe launched Cboe BIDS Australia, a new large-in-scale trading offering to the Australian equities market. Cboe BIDS Australia’s launch is planned to occur in two phases. The first phase, which launched in conjunction with the technology migration, involves brokers accessing the BIDS pool via their trading algorithms or through directed orders. Expected to occur in the next few months, the second phase will involve broker-sponsored buy-side access through the BIDS Trader front-end.