Cboe LIS sets another monthly record, Matt Beales joins Cboe Europe

Cboe volumes

Cboe Global Markets, Inc. (Nasdaq: CBOE) today announced that Matt Beales has joined the Cboe Europe Sales team to oversee sales efforts for Cboe LIS, the company’s fast-growing block trading platform. Cboe LIS, powered by BIDS technology, set another monthly record with more than €3.3 billion traded in November.

Mr. Beales, who will serve as Director, LIS Sales at Cboe Europe, joins from Liquidnet, where he worked for 15 years helping build the Liquidnet customer base and forged strong relationships with buy-side firms across Europe. Prior to Liquidnet, Mr. Beales worked in various trading and risk management roles at Deutsche Bank in London. Mr. Beales joined the company last month and is based in Cboe’s London office.

Mr. Beales said:

I am very excited to join the Cboe Europe team to help continue to grow Cboe LIS. The approach Cboe has taken in working with BIDS to create a large-in-scale trading platform that meets the unique needs of the buy-side was something that really resonated with me. The momentum Cboe LIS has generated since launching one year ago has been impressive and I look forward to further expanding the customer base across Europe.

Jerry Avenell, Co-Head of Sales for Cboe Europe, commented:

We’re delighted to have Matt join Cboe Europe. He brings a wealth of block trading expertise to our team, as well as deep relationships with buy-side firms across the continent. We feel like we are just getting going with Cboe LIS and we are excited to have Matt on board to continue to grow this business.

Cboe LIS reported average daily value traded of €148,046,077 in November, a 6.4% increase over its previous record month in October when average daily value traded was €139,185,955. For the month, average trade size on Cboe LIS was €1,091,127. Cboe LIS was rolled out to sell-side participants last December and launched to the buy-side in March 2017.

More than 115 buy-side firms and 17 sell-side firms are now connected and utilizing the platform.

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