Cboe launches BIDS Japan for large-scale equity trades

TOKYO – Cboe Global Markets (NYSE:) has announced the launch of Cboe BIDS Japan, a significant move to offer large-scale trading capabilities within the Japanese equities market. The introduction of this new trading solution marks a pivotal step in Cboe’s expansion in Asia, following its successful entry into the Australian market.

Today, Cboe rolled out the first phase of Cboe BIDS Japan, designed to facilitate block trading and improve liquidity without market impact. This platform is part of a broader strategy to enhance trading solutions and cater to the growing demand for sophisticated trading infrastructure in Japan. The second phase, which will allow broker-sponsored buy-side access through the BIDS Trader front-end, is slated for launch in 2024.

The new service comes on the heels of a significant technological upgrade on Monday when Cboe successfully migrated Cboe Japan to its proprietary technology platform. The migration was a crucial step in bolstering the exchange’s infrastructure, doubling the capacity for peak volume and market data volume for Alpha and Select markets. The upgrade also ensures low latency and equitable access for all market participants.

In January 26, 2023, Cboe Japan achieved a record-high daily lit market share of 5.785%, indicating strong performance and growth potential in the region. This milestone underscores Cboe’s commitment to expanding its footprint and delivering robust trading solutions in global markets.

Cboe’s strategic moves have been well-received by industry leaders. Both Isaacson and Irokawa have acknowledged the collaborative industry-wide effort that has contributed to these enhancements. Irokawa, in particular, expressed optimism about the future, anticipating an expansion of products and services that will continue to shape the landscape of equity trading in Japan.

The developments follow Cboe’s acquisition and rebranding of Chi-X into Cboe Japan from July 2021 to February 2022, reflecting its long-term vision to innovate and integrate global markets under its technology and operational umbrella.

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