BIDS Trading Reports Record January Trading
BIDS Trading Achieves Record Average Daily Volume
February 03, 2010 10:43 AM Eastern 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, has kicked off the new year by achieving a
record average daily volume of over 32 million shares* in January, breaking its previous record by 17%.
Additionally, BIDS Trading set records in January for total number of orders, total number of trades, and symbols
passed through the platform daily.
“We continue to focus on increasing the number of BIDS Trading users and refining and improving the client
experience. We hope to set more records in the months to follow,” states Tim Mahoney, Chief Executive Officer of
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 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