CBX™ US is a low-latency, continuous limit order book that provides equal access to strict time-price priority matching in an anonymous agency environment. It is fully closed with no IOIs sent, orders routed or quotes displayed in public markets.
This benchmark cross provides participants an anonymous, safe environment to trade illiquid and sensitive block orders. With multiple full day and intraday crosses offered, the opportunity cost of participating is low.
Options CBX™ is a completely dark, continuous liquidity pool for US listed options. The platform provides price improvement and liquidity discovery opportunities with minimal market impact, has an established base of liquidity providers and is operated via an agency model.