LIST, an ION company, has upgraded its FastTrade trading solution to offer access to additional equity trading mechanisms from Cboe Europe (‘Cboe’).
With this upgrade, LIST’s customers can now access Cboe’s Dark and Periodic Auction Books, the largest mechanisms in their respective categories, and existing connectivity to the exchange’s Lit Order Books. The upgrade also allows access to these order books through sweep functionality, enabling customers to access multiple Cboe order books via a single order and benefit from potential size and price improvement opportunities.
Cboe Europe is the largest pan-European stock exchange by value-traded and market share, offering access to stocks from 15 European countries. It provides its customers with an unrivaled range of trading services, designed to meet execution needs for speed, size, and price improvement.
LIST’s customers will also be able to benefit from Cboe’s recently introduced retail-focused tariff across its Lit, Dark, and Periodic Auctions Books. This tariff enables free executions for retail-attested orders sent directly by retail brokers. Cboe also plans to introduce a retail liquidity provider solution in early 2025, subject to regulatory approvals.
Alex Dalley, Head of Cboe Netherlands, Cboe Europe, said, “We are excited that ION’s LIST solution has expanded access to our full range of equity trading execution mechanisms. It will help strengthen Cboe's presence in the Italian market, particularly among its retail community, and enable LIST’s customers to benefit from better execution outcomes.”
Alvise Insalaco, CEO of LIST, said, “The enhancement of our trading platform again demonstrates our commitment to innovation. We are dedicated to delivering cutting-edge solutions that ensure the best execution for client orders across both lit and dark venues.”