Tag: Cboe LIS

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.

Cboe Periodic Auctions book saw average daily notional value traded surge 885% in January this year.

As recently established block trading venues battle for market share ahead of MiFID II, Hayley McDowell investigates if this is exacerbating market fragmentation and which venues are coming out on top.

Matt Beales joined Cboe LIS last month after building buy-side relationships at Liquidnet for 15 years.