Cboe Global Markets, a provider of global market infrastructure and tradable products, has appointed Stephen Berte as President of its BIDS Trading unit, effective 4 April, 2022.
Berte has nearly twenty years of experience in equity trading and is joining BIDS from Tourmaline Partners, where he was a Managing Director and founded and led its Boston office.
Berte started his career in equity trading with Standard Life Investments in Boston where he was Head of Equity Trading for the Americas and Asia Pacific, before becoming Global Head of Equity Trading, based in Edinburgh. He then went on to become Head of Investments Execution for all asset classes in the Americas for Aberdeen Standard Life, leading a team of investment professionals across equity, fixed income, derivatives, FX and money markets, and was a member of both the Investment Management Committee and the Executive Management Committee.
Cboe completed its acquisition of BIDS Trading in December 2020. Cboe maintains BIDS as an independently managed and operated trading venue and broker/dealer, separate from and not integrated with the Cboe US securities exchanges. Berte will lead BIDS Trading as an independent business within Cboe Global Markets, reporting into an independent committee of the board of directors of Cboe Global Markets.
