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.
Serves as the primary operational hub for BIDS Trading's ATS, including technology oversight, client services, and strategic business development.
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.
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.
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.
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.
14 Wall Street, Suite 5A
New York
NY
USA
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.
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.
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As of April 2025, BIDS Trading' leadership includes:
BIDS Trading has been backed by several prominent investors over the years, including:
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.
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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
Cboe Global Markets Insights • February 2, 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 News • June 2, 2021
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 Release • January 5, 2023
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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