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BIDS Trading's Overview

Total employees62
HeadquartersNew York
Founded

BIDS Trading L.P. operates the BIDS ATS (Alternative Trading System), the largest block-trading ATS by volume in the U.S. It is designed to increase competition and liquidity in the U.S. equity block trading market. BIDS Trading allows market participants to trade large blocks of equity securities anonymously, minimizing market impact and information leakage. The platform connects brokers and their institutional clients, providing a deep pool of liquidity. BIDS Trading was acquired by Cboe Global Markets in 2021 and continues to operate as a key component of Cboe's North American equities offering.

Where is BIDS Trading's Headquarters?

HQ Function

Serves as the primary operational hub for BIDS Trading's ATS, including technology oversight, client services, and strategic business development.

Notable Features:

Located in the historic Financial District of New York, offering proximity to major financial institutions. The office is within a landmark building, likely featuring modern fintech office amenities.

Work Culture:

As a subsidiary of Cboe Global Markets, the work culture likely emphasizes innovation in financial technology, market expertise, client-focused solutions, and collaboration within a fast-paced trading environment.

HQ Significance:

Its New York City headquarters is strategically vital for maintaining close relationships with the U.S. financial community, including buy-side and sell-side firms, and for staying at the forefront of market structure evolution.

Values Reflected in HQ: The headquarters' location and presumed state-of-the-art setup reflect BIDS Trading's commitment to market leadership, technological advancement, and robust service delivery in the financial sector.

Location:

While the BIDS ATS is a U.S. equities trading platform, its services are accessible to a global institutional client base through its broker-dealer network and the international reach of its parent company, Cboe Global Markets. This includes providing connectivity options and client support for international firms trading U.S. equities, leveraging Cboe's offices and relationships in key financial centers worldwide.

Street Address:

14 Wall Street, Suite 5A

City:

New York

State/Province:

NY

Country:

USA

BIDS Trading's Global Presence

London, UK

Address: Cboe Europe, The Monument Building, 11 Monument Street, London, EC3R 8AF, UK (Leveraging Cboe Global Markets' office)

Provides support and market access solutions for European-based firms utilizing the BIDS ATS for U.S. equity block trading, ensuring seamless connectivity and service.

Chicago, IL, USA

Address: Cboe Global Markets HQ, 433 W Van Buren St, Chicago, IL 60607, USA (Leveraging Cboe Global Markets' HQ)

Supports strategic alignment with Cboe's overall market operations, technology infrastructure, and corporate governance from the parent company's main hub.

Buying Intent Signals for BIDS Trading

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of BIDS Trading

As of April 2025, BIDS Trading' leadership includes:

Stephen Berte - President, BIDS Trading (at Cboe Global Markets)
Michael Corrao - Head of Product, BIDS Trading (at Cboe Global Markets)
Jim Lee - Managing Director, Head of BIDS Sales and Business Development (at Cboe Global Markets)

Investors of BIDS Trading

BIDS Trading has been backed by several prominent investors over the years, including:

Cboe Global Markets (Parent Company, Acquirer)
Bank of America (Founding Consortium Member)
Barclays (Founding Consortium Member)
Citadel Securities (Founding Consortium Member)
Citi (Founding Consortium Member)
Credit Suisse (Founding Consortium Member)
Goldman Sachs (Founding Consortium Member)
JPMorgan Chase (Founding Consortium Member)
Morgan Stanley (Founding Consortium Member)
UBS (Founding Consortium Member)

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

Publicly available information regarding BIDS Trading-specific executive hires or exits in the immediate past 12 months is limited. The leadership team, largely integrated within Cboe Global Markets, appears stable. Significant top-level changes for BIDS Trading are typically announced by Cboe Global Markets.

Technology (Tech Stack) used by BIDS Trading

Discover the tools BIDS Trading uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

BIDS Trading Email Formats and Examples

As BIDS Trading is a subsidiary of Cboe Global Markets, employees typically use Cboe's email domain (@cboe.com). Common corporate email patterns are often first initial followed by last name, or first name separated from last name by a period.

flast@cboe.com (e.g., jdoe@cboe.com) or first.last@cboe.com

Format

sberte@cboe.com

Example

80%

Success rate

News and media

Cboe Global Markets InsightsFebruary 2, 2024

BIDS Trading Sets New ATS Volume Record in January 2024

BIDS Trading, part of Cboe Global Markets, reported a new all-time record for average daily volume (ADV) in January 2024, handling 410 million shares. This performance underscores its continued leadership and growing market share in the U.S. equity block trading space....more

Cboe Global Markets NewsJune 2, 2021

Cboe Completes Acquisition of BIDS Trading

Cboe Global Markets announced the successful completion of its acquisition of BIDS Trading. This strategic move aimed to diversify Cboe's U.S. equities offering and further enhance its capabilities in block trading, leveraging BIDS's extensive distribution network and client relationships....more

Cboe Global Markets Press ReleaseJanuary 5, 2023

Cboe Promotes Stephen Berte to President, BIDS Trading

Cboe Global Markets announced the promotion of Stephen Berte to President of BIDS Trading. In this role, Berte is responsible for overseeing the strategy, product development, and daily operations of BIDS Trading....more

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