BIDS Trading Reports Record Monthly Volumes for October 2010

November 2, 2010

Over 65 million shares* traded per day in October 2010; 123% increase year-over-year.

NEW YORK, NY – November 1, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, today announced record trading volumes for the month of October. The dark pool traded over 65 million shares* per day in October, which is an increase of 123% over average daily volumes the same month last year.

This also marks the second consecutive month that BIDS Trading has achieved record monthly volumes. BIDS Trading’s October volumes of 65 million shares* per day is a 30% increase over September volumes.

On the record numbers, Tim Mahoney, CEO of BIDS Trading said, “The continued growth of BIDS gives us confidence that the model uniquely meets the needs of the institutional trader in this challenging market environment. We continue to focus on the key elements that have fueled our growth to this point; providing block liquidity traders can’t find elsewhere, in a secure environment, with an effective use of commission dollars through sponsored access.”

BIDS Trading allows market participants to trade large blocks of equities without revealing their order. Information disclosure is controlled by the trader via customizable trading tools: traders set their minimum block size to help protect their order and they can filter out counterparties based on past trading behavior.

Media Contact

Zoë Norinsky, BIDS Trading, L.P.
Email: zoe.norinsky@bidstrading.com
Tel: +1.212.618.2600

About BIDS Trading, L.P.

BIDS Trading, L.P. is a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), which was designed to bring counterparties together to anonymously trade large blocks of shares. Developed by a consortium of leading financial services firms, BIDS Trading resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions. For more information, visit www.bidstrading.com.

*Figures include all volume traded on the BIDS ATS and NYBX.

NYBX volume is single counted. BIDS ATS volume is double counted to include both sides of the transaction.

BIDS Trading Reports Record Q3 and September 2010 Volumes

— 49 million shares* traded per day in September 2010; 96% increase year-over-year.

October 6, 2010

NEW YORK, NY – October 6, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, today announced record trading volumes for the month of September. The dark pool traded over 49 million shares* per day in September, which is a 96% increase from average daily volumes the same month last year.

This also marks the fourth quarter in a row that BIDS Trading has achieved record quarterly volumes. BIDS Trading’s Q3 volumes of 45 million shares* per day is a 105% increase year-over-year.

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BIDS Trading Achieves Record Q2 Volumes

— 56% increase from previous quarter, with 44 million shares* traded per day in Q2 2010

July 6, 2010

NEW YORK, NY – July 6, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today that it has set a new record for quarterly average daily volume traded. The dark pool traded over 44 million shares* per day in Q2 2010.

This marks the third quarter in a row that BIDS Trading has achieved record quarterly volumes. BIDS Trading’s Q2 volumes increased 56% from its previous quarterly volume of 28 million shares* per day and increased 118% year-over -year.

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CAPIS Signs Sponsor Agreement with BIDS Trading

June 10, 2010

NEW YORK, NY – June 10, 2010 – Capital Institutional Services, Inc. (CAPIS), an independent agency brokerage firm, and BIDS Trading, an alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, are pleased to announce the signing of a sponsorship agreement. Through its agreement with BIDS Trading, CAPIS can provide customers direct and anonymous block liquidity in both BIDS Trading and NYBX.

BIDS Trading supports a sponsored access model which means that buy-side clients select a broker to pay for their trading activity in the BIDS ATS. The buy-side client benefits by more effectively utilizing their commission dollars to pay for the goods and services provided by their broker/dealer partners and the model benefits the brokers by giving them access to a new stream of commission dollars from their existing clients.

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BIDS Trading Reports Record Trading Volumes for May 2010

— 49 Million Shares* Traded per Day

June 3, 2010

NEW YORK, NY – June 3, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase liquidity in the U.S. equity block trading market, reported record levels of liquidity for the month of May 2010.

BIDS Trading’s average daily volume of 49 million shares* in May represents a 118% increase from May 2009. BIDS Trading also achieved an all-time single day record in May, trading over 90 million shares.* The dark pool reached another milestone in May, trading over one billion shares in a single month.

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BIDS ATS Volumes Continue to Rise – 64+ Million Shares

May 5, 2010

New York, NY – May 5th – Liquidity in BIDS Trading hit new heights today. Our block trading platform achieved an all-time single day record – executing over 64 million shares*!

In fact, BIDS Trading has been achieving record growth as of late:

• Record average daily volume in April of 45+ million shares*
• Back-to-back record quarters (Q4 2009 and Q1 2010)

*Figures include all volume traded on the BIDS ATS and NYBX.

NYBX volume is single counted. BIDS ATS volume is double counted to include both sides of the transaction.

BIDS Trading Announces Record Trading Volumes for April

— 45 Million Shares* Traded per Day – up 126% over Same Month Last Year

May 3, 2010

NEW YORK, NY – May 3, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase liquidity in the U.S. equity block trading market, announced record levels of liquidity for the month of April 2010.

BIDS Trading posted a record month for April, with average daily volumes of 45 million shares*, 126% higher than the same month last year, and an increase in 78% over the previous month of March.

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Daily Volume on BIDS Trading Surpasses 53 Million Shares

April 15, 2010

NEW YORK, NY – April 15, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase liquidity in the U.S. equity block trading market, yesterday announced another single day trading record for 2010. BIDS Trading executed more than 53 million shares* on April 14th, surpassing its previous single day record on April 7th of 46 million shares*.

Since its launch in 2007, BIDS Trading has been steadily increasing its volumes, achieving a year-to-date ADV of over 30 million shares* and record ADVs in Q4 2009 and Q1 2010. Along with its growing trade volumes, BIDS Trading has been adding to its broad user base of buy-side and sell-side firms. Participating buy-side firms collectively manage more than $4 trillion in equity assets.

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BIDS Trading Breaks Single Day Volume Record in 2010

April 8, 2010

NEW YORK, NY – April 8, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, achieved a single day record volume for 2010 of over 46 million shares* on April 7th.

BIDS Trading has been steadily gaining momentum recently – the block trading platform kicked off 2010 with a record ADV of 30 million shares* in January and record ADVs in Q4 2009 and Q1 2010.

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BIDS Trading Announces Barclays Capital as Latest Investor

March 9, 2010

NEW YORK, NY – March 9, 2010 – BIDS Trading, L.P. announced today that Barclays Capital has become the latest investor in the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market.

Barclays Capital (LSE: BARC) joins current investors BofA Merrill Lynch (NYSE: BAC), Citi (NYSE: C), Credit Suisse Group (NYSE: CS), Deutsche Bank (NYSE: DB), The Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM), Knight Capital Group, Inc. (NASDAQ: NITE), Lehman Brothers (OTC: LEHMQ), Morgan Stanley (NYSE: MS), NYSE Euronext (NYX), and UBS (NYSE: UBS) bringing the total number of investors in BIDS Trading to twelve.

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BIDS Trading Reports Record January Trading Volumes

February 3, 2010

NEW YORK, NY – February 3, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, has kicked off the new year by achieving a record average daily volume of over 32 million shares* in January, breaking its previous record by 17%.

Additionally, BIDS Trading set records in January for total number of orders, total number of trades, and symbols passed through the platform daily.

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BIDS Trading Breaks Volume Record in Q4 2009

January 21, 2010

NEW YORK, NY – January 21, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, achieved an average daily volume of over 25 million shares* in Q4 2009, breaking its previous quarterly volume record of 23 million shares* per day. Since its launch in the spring of 2007, BIDS Trading has traded over 13.8 billion shares*.

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