BIDS Trading Breaks Single Day Volume Record
Block Trading Platform Continues to Break Trading Records as Daily Volume Hits 46 Million Shares*
April 08, 2010 11:43 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--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
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.
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 t