Cboe Completes MATCHNow Technology Migration

Cboe Global Markets, Inc. announced it successfully migrated MATCHNow to Cboe technology on February 1, 2022. Along with this technology migration, Cboe has launched Cboe BIDS Canada, bringing a new block-trading offering to the Canadian equities market. MATCHNow is Canada's largest equities dark pool, offering execution for institutional, proprietary and retail orders by combining frequent call matches and continuous execution opportunities in a confidential trading book. MATCHNow's Conditionals Orders, enable subscribers to electronically indicate block size liquidity in MATCHNow., providing a valuable source of additional liquidity in Canada's equities markets. MATCHNow, based in Toronto, was acquired by Cboe in August 2020. Cboe launched Cboe BIDS Canada on February 1, 2022, marking its first new Canadian offering following its integration of MATCHNow. With this offering, Cboe brings BIDS' block trading capabilities to Canadian investors. The new offering leverages BIDS Trading's proprietary technology to facilitate block trading on MATCHNow's Conditionals platform – providing an enhanced Conditionals offering that enables market participants to execute block trades, while helping to reduce market impact.