M.R. Beal & Company Signs Sponsor Agreement with BIDS Trading
July 22, 2013
New York, NY – July 22, 2013 – M.R. Beal & Company, a leading investment banking firm specializing in municipal finance, corporate finance and equity execution, and BIDS Trading, L.P., the 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.
“M.R. Beal is very excited to have become a sponsoring broker with BIDS Trading,” said Bernard B. Beal, Chief Executive Officer of M.R. Beal & Company. “This value-add service, combined with our already robust trading platform, demonstrates our commitment to best servicing our clients’ increasingly diverse trading needs.”
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.
“We are looking forward to providing M.R. Beal’s clients with the ability to anonymously access block liquidity on the BIDS Trading platform,” said Tim Mahoney, Chief Executive Officer of BIDS Trading. “Our sponsorship model is unique because it allows our buy-side clients to seek block liquidity in BIDS while directing their commission dollars to pay brokers such as M.R. Beal.”
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.
About M.R. Beal & Company
Founded in 1988, M.R. Beal is the nation’s oldest and continuously operated minority-owned investment bank. The firm consistently ranks among the top-20 national underwriters of municipal debt transactions and among the top-100 underwriters of corporate equity and debt. M.R. Beal is a directed broker for major institutions and an approved broker for most major public and private pension plans. Headquartered on Wall Street in Manhattan’s financial district, M.R. Beal also has offices in Chicago, Dallas, Houston, San Antonio, Atlanta and San Francisco. The firm’s equity trading group is based in Chicago. For more information, visit www.mrbeal.com
Media Contacts
Zoë Norinsky, BIDS Trading, L.P.
Email: zoe.norinsky@bidstrading.com
Tel: +1.212.618.2600
Keith McGregory, M.R. Beal & Company
Email: kmcgregory@mrbeal.com
Tel: +1.312.258.1142
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©2013 BIDS Trading® is a member of FINRA and SIPC. BIDS Trading and the BIDS Trading mark are protected int he United States and countries throughout the world.
Pacific Crest Securities Signs Sponsor Agreement with BIDS Trading
July 10, 2013
New York, NY – July 10, 2013 – Pacific Crest Securities, the premier investment bank for technology, and BIDS Trading, L.P., the 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.
“We are very excited that Pacific Crest has become a sponsoring broker with BIDS Trading. This arrangement allows our clients to obtain greater liquidity and improved executions via access to BIDS Trading’s non-displayed liquidity pool,” said Mike Jaffe, Managing Director and Head of Trading of Pacific Crest Securities. “The BIDS ATS will be a significant addition in helping us deliver the real value our clients are seeking to achieve their investment objectives.”
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.
“The connection of Pacific Crest to our block trading facility furthers our goal of creating the most efficient trading venue and deepest liquidity pool possible,” said Tim Mahoney, Chief Executive Officer of BIDS Trading. “We are truly pleased to provide investors using Pacific Crest with the ability to access BIDS Trading’s open, flexible platform.”
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.
About Pacific Crest Securities
Pacific Crest is the premier investment bank for technology, operating at the leading edge, where global connectivity is fueling an unprecedented expansion cycle. They apply their unmatched knowledge of the drivers of value creation and their global network of relationships to technology’s high growth sectors, such as global Internet, mobility, SaaS, cloud and big data, next gen infrastructure and alternative energy. Their clients – technology’s foremost institutional investors and market leading companies – rely on them to achieve superior returns and gain competitive advantage from the seismic shifts occurring in technology. For more information, visit www.pacific-crest.com
Media Contacts
Zoë Norinsky, BIDS Trading, L.P.
Email: zoe.norinsky@bidstrading.com
Tel: +1.212.618.2600
Jen McBee, Pacific Crest Securities
Email: jmcbee@pacific-crest.com
Tel: +1.503.248.0721
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©2013 BIDS Trading® is a member of FINRA and SIPC. BIDS Trading and the BIDS Trading mark are protected int he United States and countries throughout the world.
CastleOak Securities, L.P. Signs Sponsor Agreement with BIDS Trading
June 11, 2013
New York, NY – June 11, 2013 – CastleOak Securities, L.P., a leading New York-based boutique investment bank firm, and BIDS Trading, L.P., the 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.
“We are excited to become a sponsoring broker with BIDS Trading, which gives our clients access to reliable liquidity in the markets,” said David R. Jones, Co-Founder, President and Chief Executive Officer of CastleOak Securities. “This value-add service, combined with our already robust trading platform, demonstrates our commitment to best servicing our clients’ increasingly diverse trading needs.”
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.
“Our goal is to encourage the broadest possible market participation and we are pleased to provide access to CastleOak’s client base and address their needs for anonymous block trading,” said Tim Mahoney, Chief Executive Officer of BIDS Trading.
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.
About CastleOak Securities, L.P.
CastleOak Securities L.P., is a boutique investment bank focused on the capital markets serving a broad array of corporate, governmental and institutional investor clients. Headquartered in New York City, and with eight regional offices, CastleOak specializes in primary and secondary sales and trading of fixed income, equity, municipal and money market securities. For more information, visit www.castleoaklp.com.
Media Contact
Zoë Norinsky, BIDS Trading, L.P.
Email: zoe.norinsky@bidstrading.com
Tel: +1.212.618.2600
Sheryl Lee, CastleOak Securities, L.P.
Email: shlee@castleoaklp.com
Tel: +1.212.610.2297
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©2013 BIDS Trading® is a member of FINRA and SIPC. BIDS Trading and the BIDS Trading mark are protected int he United States and countries throughout the world.
Academy Securities, Inc. Signs Sponsorship Agreement
January 15, 2013
New York, NY – January 15, 2013 – Academy Securities, Inc., a FINRA registered US Broker-Dealer, California-certified Disabled Veteran Business Enterprise (DVBE) and Service Disabled Veteran Owned Business (SDVOB), and BIDS Trading, L.P., the Alternative Trading System (“ATS”) designed to increase competition and liquidity in the U.S. equity block trading market, today announced the signing of a sponsorship agreement that allows Academy to provide customers direct and anonymous block liquidity in the BIDS ATS.
“We are excited to be a sponsoring broker dealer with BIDS Trading,” said Chance Mims, Chief Executive Officer of Academy. “This relationship enables our clients to access liquidity in the markets and enhances our current platform.”
BIDS trading supports a sponsored access model that allows buy-side clients to select a broker to pay for their trading activity in the BIDS ATS. Buy-side clients benefit by more effectively utilizing their commission dollars to pay for the goods and services provided by their broker/dealer partners. 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.
“Academy Securities is a great addition to our growing list of sponsoring brokers,” said Tim Mahoney, Chief Executive Officer of BIDS Trading. “Our goal is to encourage the broadest possible market participation and we are pleased to provide access to Academy Securities’ client base and address their needs for anonymous block trading.”
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.
About Academy Securities, Inc.
Academy Securities, Inc., a FINRA registered US Broker-Dealer, California-certified Disabled Veteran Business Enterprise (DVBE) and Service Disabled Veteran Owned Business (SDVOB), was founded by Chance Mims, Douglas Greenwood, and Gregory Van Schaack to bring together the combined strengths of industry experts and the outstanding men and women in uniform who have served our country with honor. Academy Securities is a unique financial services firm offering a comprehensive suite of products and services that will not only benefit clients, but also support and encourage the retraining and employment of our nation’s veterans. The Company is of particular interest to municipal debt issuers, investment management firms, public, corporate, and multi-employer pension funds, and other public and private entities that are allocating contracts to DVBE and SDVOB firms. For more information, visit www.academysecurities.com.
Media Contact
Zoë Norinsky, BIDS Trading, L.P.
Email: zoe.norinsky@bidstrading.com
Tel: +1.212.618.2600
Elizabeth Tolomeo, Academy Securities, Inc.
Email: etolomeo@AcademySecurities.com
Tel: +1.312.635.0867
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©2013 BIDS Trading® is a member of FINRA and SIPC. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world.
