NEW YORK, NY – December 3, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced that ConvergEx’s Dark Desk has connected to BIDS Trading’s U.S. equity block trading platform.
NEW YORK, NY – September 30, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and Melvin & Company, an institutional research and trading firm dedicated to promoting socially responsible investing, today announced an agreement that will allow Melvin & Co. to provide its clients with direct access to BIDS Trading’s U.S. equity block trading platform.
NEW YORK, NY – September 24, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and Charles River Development, an award-winning provider of technology systems and services for the global investment management community, today announced that connectivity has been established between their electronic trading platforms.
NEW YORK, NY – August 20, 2008 – Penserra Securities, a New York-based agency broker for institutional investors, and BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, are pleased to announce an agreement that provides Penserra’s clients with direct access to BIDS Trading’s crossing system. The arrangement establishes Penserra as the first government-certified Minority Business Enterprise (MBE) to offer sponsored institutional access to BIDS Trading.
NEW YORK, NY – August 14, 2008 – Rosenblatt Securities, a New York-based agency broker for institutional investors and BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, are pleased to announce an agreement that allows Rosenblatt to provide its clients with direct access to BIDS Trading’s crossing system.
NEW YORK, NY – August 12, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, has named industry veteran Vivian A. Maese as General Counsel and Corporate Secretary. Vivian will provide strategic leadership and legal counsel for the firm and its board of directors.
NEW YORK, NY – April 29, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition in the U.S. equity block trading market, marks its first year of trading this month on its open, flexible platform. BIDS Trading has achieved several milestones in both connectivity and volume over the course of the year. In twelve months, over 4 billion shares* have been traded, with average daily volume topping 22.6 million shares* in March 2008. Beyond the number of shares that were executed on the platform, BIDS Trading has connected to 14 order management systems (OMSs) and execution management systems (EMSs), and has advanced plans to launch its joint venture with the NYSE Euronext.
NEW YORK, NY – April 1, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the US equity block trading market, and BNY ConvergEx Group, a leading provider of global agency brokerage and investment technology solutions, announced today that connectivity has been established between their two trading platforms. A direct link between the Eze Castle Software Order Management System (OMS) and the BIDS Trading ATS provides integration between the two platforms, allowing Eze OMS users to anonymously trade blocks of US equities on BIDS Trading.
NEW YORK, NY – February 13, 2008 – BIDS Trading, L.P., the alternative trading system (ATS) designed to increase competition and liquidity in the US equity block trading market, has named industry veteran Marybeth Shay as Senior Managing Director, Sales and Marketing. Shay will spearhead the growth of BIDS Trading and strategic business development.
NEW YORK, NY – February 7, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, executed more than 60 million shares* today.
NEW YORK, NY – February 5, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the US equity block trading market, and Fidessa LatentZero, a leader in providing buy-side front office technology to the global asset management and hedge fund industries, have announced today the development of connectivity between their systems. This connection between BIDS Trading and Fidessa LatentZero will enable users of the Minerva OEMS, Fidessa LatentZero’s Order and Execution Management system, to anonymously trade large blocks of US equities on the BIDS Trading platform.
NEW YORK, NY – January 10, 2008 – BIDS Trading, the alternative trading system (ATS) designed to increase competition in the U.S. equity block trading market, announced that total trading volume reached more than 2.34 billion shares* in 2007, with average daily volume topping 17.6 million shares* in Q4 (the platform launched in the spring of 2007). In addition, average monthly volume was over 234 million shares and average daily volume exceeded 12.8 million for the year.
