Pan-European stock exchange Cboe Europe announces that it has secured the support of a broad range of participants for Cboe BIDS VWAP-X, its new trading service allowing participants to source and match liquidity at a forward benchmark price.
This service is scheduled to launch on October 21, subject to regulatory approvals.
Early adopters of the Cboe BIDS VWAP-X service include Bernstein, BNP Paribas, BMO Capital Markets, Instinet Europe, Jefferies, KCx and Virtu Financial.
Natan Tiefenbrun, President, North American and European Equities, Cboe Global Markets, said:
“We are delighted to have secured such a strong group of initial Participants to support Cboe BIDS VWAP-X and are in active discussions with numerous others who are looking to utilise this service…
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