BIDS Trading Breaks Single Day Volume Record in 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.

“Our growing volumes can be directly attributed to increased buy-side and sell-side participation,” states Tim Mahoney, Chief Executive Officer of BIDS Trading. “The roll out of our buy-side platform and an increasing number of users has fueled our growth substantially. Our buy-side users recognize the benefit of our sponsored-access model – which means that a buy-side trader can direct 100% of their commission dollars to the broker of their choice.”

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.

BIDS Trading participants have simultaneous access to both the BIDS ATS and the New York Block Exchange (NYBX). NYBX, a revolutionary joint venture between BIDS Trading and NYSE Euronext, is the first joint trading venture between an ATS and an exchange. NYBX provides investors with access to both displayed and hidden interest on the NYSE, without revealing trading intentions.

Media Contact

Caroline Bujak, BIDS Trading, L.P.
Email: caroline.bujak@bidstrading.com
Tel: +1.212.618.2097

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. The BIDS ATS is open to all qualifying broker-dealers and their institutional clients, subject to basic credit and regulatory requirements. 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.