Announced
Completed
Financials
Tags
Domestic
Single Bidder
trading services
Acquisition
Friendly
Majority
United States
securities trading services
Diversified Financials
Private
Completed
Synopsis
Cboe Global Markets, a market operator and global trading solutions provider, completed the acquisition of BIDS Trading, a registered broker-dealer and operator of the BIDS Alternative Trading System. Financial terms were not disclosed. "We are pleased to build upon our innovative and successful partnership with BIDS Trading, which began with the 2016 launch of Cboe LIS, now one of the largest European equities block trading platforms. he acquisition complements our US equities trading business by expanding our presence into the off-exchange space. We are excited by the opportunity to further diversify and expand our equities trading offering and begin competing in this segment of the market. I look forward to welcoming Tim and the BIDS Trading team to Cboe," Ed Tilly, Cboe Global Markets Chairman, President and Chief Executive Officer.
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