Cboe Combines MATCHNow and BIDS for New Block Trading Platform in Canada

Cboe Global Markets plans to combine MATCHNow and BIDS Trading and launch a block trading platform in Canada after recently acquiring both firms. Known as Cboe LIS powered by BIDS in Canada, the platform is expected to launch in February next year, subject to a regulatory review, providing block-sized liquidity for the buy- and sell-side in the region. According to a story in The Trade news, the platform will combine the conditionals order book from Canadian dark pool and alternative trading system (ATS) MATCHNow, with the BIDS trading model and proprietary technology for low market impact, block-sized orders.