Cboe adds directed IOIs to block trading platform
Directed IOIs have been rolled out on Cboe UK LIS with Morgan Stanley the first broker to use the service to send block IOIs to buy-side clients.
Directed IOIs have been rolled out on Cboe UK LIS with Morgan Stanley the first broker to use the service to send block IOIs to buy-side clients.
Record block trade on Cboe LIS follows the readmittance of more than 200 Swiss stocks to UK trading venues after an equivalence agreement was reached this year.
October was a strong month for block trading activity, with Cboe and LSEG reaching new records on their platforms.
Value traded of block trading in Europe saw record highs last week, led by Liquidnet, ITG POSIT, Cboe LIS and Turquoise Plato.
Cboe LIS continues to win over the buy-side with 158 asset managers now using the platform to trade large blocks under MiFID II.