NEW YORK, NY – December 13, 2007 – OES MarketGroup and BIDS Trading L.P. of New York City today announced the signing of an agreement for OES to provide linkages and agency brokerage services that will enable BIDS Trading to access protected quotations at all Regulation NMS-automated trading centers.
New York, NY – December 11, 2007 – Portware, a leading provider of global, multi-asset trading solutions, today announced that it has integrated its broker-neutral trading platform with BIDS Trading’s alternative trading system (ATS). The connection enables Portware’s buy-side and sell-side clients to execute large equity trades on the BIDS Trading ATS via Portware’s flagship Enterprise trade management platform.
New York, NY – December 4, 2007 – BIDS Trading, the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today that it has established a direct connection with an additional electronic trading platform: UBS Pinpoint.
New York, NY – November 27, 2007 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and Linedata Services, a global leader in the financial technology market, announced today the signing of a contract to develop joint connectivity. This agreement will provide a direct link between the LongView Trading Order Management System (OMS) and the BIDS Trading ATS, giving users the ability to anonymously trade large blocks of US equities on BIDS Trading.
New York, NY – November 1, 2007 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, reached an average daily volume of more than 17.6 million shares* for October 2007.
New York, NY – October 30, 2007 – NYSE Euronext (NYSE Euronext: NYX) and BIDS Holdings, L.P. (BIDS Holdings), today announced their intention to form a joint venture designed to improve execution quality and access to liquidity in block trading. Once formed, the joint venture will be open to all New York Stock Exchange (NYSE) members and accessible through BIDS Trading, a registered alternative trading system (ATS), which will become an NYSE member. The joint venture will operate as a facility of the NYSE and be subject to regulatory oversight by NYSE Regulation.
New York, NY – September 19, 2007 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and FlexTrade Systems, Inc., a leader in multi-asset algorithmic execution management systems, announced today the connection of the FlexTRADER trading platform to the BIDS Trading ATS. FlexTRADER is the first broker-neutral execution management system to allow buy-side firms direct access to the BIDS Trading ATS.
New York, NY – September 17, 2007 – BIDS Trading, the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, today announced a volume milestone – the execution of over one billion shares* on the platform in less then 125 days of operation.
New York, NY – August 15, 2007 – BIDS Trading, the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today the connection to three of the industry’s leading electronic trading platforms: Goldman Sachs Execution & Clearing, L.P. ‘s REDIPlus, JPMorgan’s Neovest, and Morgan Stanley’s Passport.
New York , NY – August 1, 2007 – BIDS Trading, the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today that 355.2 million shares* were traded on the platform in July 2007. This represents more than a 90 percent increase over the 185.7 million shares traded in June 2007.
New York, NY – July 16, 2007 – BIDS Trading, the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, executed more than 20 million shares* in daily volume twice last week. The BIDS Trading ATS is a block crossing venue, which provides traders with an anonymous liquidity source.
New York, NY – June 19, 2007 – BIDS Trading the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today that they have signed an agreement with Orc Software (SSE: ORC). Orc Software, the leading global provider of technology for advanced trading, market making and brokerage, will provide BIDS Trading with their CameronFIX Universal Server for FIX order flow and connectivity.
New York, NY – March 14, 2007 – BIDS Trading, L.P. (Block Interest Discovery Service), the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today that they have signed an agreement with OMX, a leading technology expert in the exchange industry. OMX will provide hosting capabilities for the BIDS Trading platform.
New York, NY – March 1, 2007 – BIDS Trading, L.P. (Block Interest Discovery Service) announced today that Bank of America, Bear Stearns, Credit Suisse, Deutsche Bank, JPMorgan and Knight Capital Group have invested in the recently formed alternative trading system (ATS), that is designed to increase competition and liquidity in the equity block trading market. The six new firms join the original founding firms: Citi, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS, bringing the total number of investors in BIDS Trading to twelve.
New York, NY – February 1, 2007 – BIDS Trading, L.P. (Block Interest Discovery Service), the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, has named industry veteran Richard Levin as General Counsel, Chief Compliance Officer and Secretary to the Board of Directors. In this position, Levin will be responsible for managing BIDS Trading’ legal, regulatory and compliance matters. He will also work closely with U.S. regulators to ensure that BIDS Trading fulfills all regulatory requirements.
