BIDS Trading Reports Record January 2011 Volumes

76.7 million shares* traded per day in January 2011; 134% increase year-over-year.

NEW YORK, NY – February 1, 2011 – 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 January. The dark pool traded over 76.7 million shares* per day in January, which is a 134% increase from average daily volumes the same month last year.

Additionally, BIDS Trading’s Q4 volumes of 61 million shares* marks the seventh consecutive quarter that BIDS Trading has achieved record quarterly volumes.

On the record numbers, Tim Mahoney, CEO of BIDS Trading, offered, “We are pleased that both the buy- and sell-side are finding ample block liquidity in our dark pool. The healthy mix of buy- and sell-side flow is leading to greater liquidity, more trading opportunities, and increased market share.”

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.