Reynolds Securities, LTD. Signs Sponsor Agreement with BIDS Trading, L.P.

New York, NY – August 3, 2012 – Reynolds Securities, a 25+ year-old, African-American owned, New York-based agency broker serving institutional trading desks nationwide, and BIDS Trading, L.P., the Alternative Trading System (“ATS”) designed to increase competition and liquidity in the U.S. equity trading block trading market, are pleased to announce the signing of a sponsorship agreement. This agreement provides Reynolds Securities clients with the ability to benefit from the BIDS Trading crossing network, while earning Minority Business Enterprise (”MBE”) credits.

“We are proud to participate in what we think is one of the better block liquidity venues,” said Kennon A. Brennen, Managing Partner of Reynolds Securities. “Our sponsor agreement with BIDS Trading compliments our trading approach of staying on the cutting edge of best execution,” explained Shannon Burhance, also a Managing Partner at Reynolds Securities.

Reynolds Securities, through this exciting agreement with BIDS Trading, can now work with its extensive institutional client base to directly and anonymously source block liquidity in both BIDS Trading and NYBX. Reynolds Securities is also excited to provide its institutional client base with a means of reaching diversity targets while remaining on the cutting edge.

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.

“We are pleased to provide access to the client base of Reynolds Securities and address their need to access block liquidity,” 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 Trading 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, the BIDS Trading ATS resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions. The BIDS Trading 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.

About Reynolds Securities, LTD.

Reynolds Securities is a 25+ year-old, MWBE certified African-American owned, broker/dealer that provides full service agency brokerage to institutional trading desks nationwide. Reynolds Securities is a preferred minority broker/dealer to public pension and private Taft-Hartley pension managers and their trading desks in the United States. Reynolds Securities Minority Credits are acceptable on a nationwide basis. Reynolds Securities is a bonded broker/dealer regulated by FINRA and covered by SIPC in the United States.

Media Contacts

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

Kennon A. Brennen, Reynolds Securities, LTD.
Email: kenbrennen@tpreynoldssecurities.com
Tel: +1.212.742.1616

©2012 New York Block Exchange, LLC., NYBXSM and New York Block ExchangeSM are service marks of NYSE Group, Inc. and are used by New York Block Exchange, LLC under license. BIDS Trading® is a member of FINRA, NYSE, and SIPC. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world.