Cboe Global Markets, Inc. (Nasdaq: CBOE) today reported that Cboe Europe Equities traded more than €20 billion in notional value on Cboe LIS, its European large-in-scale block trading platform powered by BIDS technology, since it launched in December 2016.
Additionally, December was another record month of volume for Cboe Europe Equities’ Periodic Auctions order book, which reported average daily notional value (ADNV) traded of €37.5 million, up 41.8% from November. In December, Cboe LIS reported ADNV of €131.5 million, while average trade size was €1,033,782. More than 115 buy-side firms and 17 sell-side firms are connected to the platform.
Cboe LIS and the Cboe Periodic Auctions book were designed to respond to the new needs of market participants in light of the MiFID II regulatory changes.
Mark Hemsley, President of Europe for Cboe, said:
We’ve been very excited by the response since launching Cboe LIS just over one year ago. Our unique model for Cboe LIS, which brings together a diverse mix of order flow from the U.S. and Europe, has attracted strong interest from both buy- and sell-side firms. With MiFID II now in effect, we believe Cboe LIS and our Periodic Auctions book are well-poised to further benefit from the changing market dynamics that we expect will occur this year.