Cboe Global Markets, Inc. has announced that SSW, a pan-European liquidity provider, has started its Systematic Internaliser (SI) business by utilising Cboe Europe’s SI technology services to efficiently connect to and service their clients.
Cboe offers a suite of SI services for participants acting as or interacting with SIs under the MiFID II SI regime. This offering brings together real-time public quoting, network access, bilateral trade matching and real-time trade reporting. This suite of services brings standardisation and transparency to the SI regime.
Mark Hemsley, President of Cboe Europe, said: “SSW has been an early supporter of our SI technology business and we are pleased they have chosen us as their sole technology provider for their SI activities. Our SI technology solutions enable SIs like SSW to leverage Cboe technology to quickly on-board and service clients via a hosted, bilateral matching technology platform.”
Peter Vorrath, Head of Business Development for SSW, said: “Cboe provides a complete solution for our SI technology needs – from connectivity and bilateral trade matching services to trade reporting. Utilising Cboe’s SI technology services has enabled our clients to get easy access to our SI service and allows us to scale our SI business in an efficient and standardised process while focusing on what is most important – providing customized liquidity in thousands of instruments ranging from liquid blue-chips to illiquid micro-caps, to our clients.”