Ft Lauderdale, Florida 4/9/2010 4:30:00 AM
News / Business

BIDS Trading Breaks 2010 Single Day Volume Record

 

BIDS Trading has announced that it has reached a record in single day volume for 2010 for trading more than 46 million shares on April 7.  The trading system has been noted to have gained momentum recently.  The trading platform was launched in 2010 with a record ADV of 30 million shares in January. 

 

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BIDS Trading provides market participants with the ability to trade large blocks of equities without revealing order.  Customizable trading tools provide control over information disclosure.  Traders are able to set their minimum block size to protect their order while filtering out counterparties based on previous trading behavior.

 

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 ATS 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.

 

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