BIDS Trading Connects to Charles River Development's Investment Management System.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BIDS Trading, the alternative trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Development, an award-winning provider of technology systems and services for the global investment management community, today announced that connectivity has been established between their electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. platforms. Through this partnership, current users of the Charles River Investment Management System (Charles River IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. ) can now easily and anonymously route orders to BIDS Trading's block trading platform; executing blocks of U.S. equities with little to no market impact. The partnership reaffirms both companies' commitment to offer open and comprehensive electronic trading solutions, focused on helping traders reduce costs and risk, as well as increase operational efficiency in a secure environment. "This integration is a major initiative in our continual support to help traders streamline workflow and facilitate best execution," said Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. "Charles River IMS offers clients a central conduit to all liquidity pools across all asset classes. Our clients can connect with a host of international destinations - and their choices now include the BIDS ATS." "This connection furthers our efforts to create an open, efficient marketplace to anonymously trade blocks of U.S. equities," said Tim Mahoney
Timothy Edward "Tim" Mahoney (born August 15, 1956) is the U.S. Representative for Florida's At-large congressional district. . "Connecting Charles River IMS's global client base to the BIDS ATS allows users to anonymously access additional liquidity and helps us continue to deliver on our promise to offer the broadest participation and deepest liquidity pool possible." The BIDS ATS is accessible to both buy-side and sell-side firms that want to trade large blocks through continuous order matching and trade negotiation. Use of the BIDS ATS as a block trading service is not exclusive or subject to volume commitment and each participant may continue to use any ATS, ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. or exchange service that supports the trading needs of its customer base. Volume on the BIDS ATS has reached more than 6.4 billion shares(a) since its launch in 2007. 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms, the BIDS ATS resolves the classic paradox of the block trader Block trader A dealer who will take a position in the block trades to accommodate customer buyers and sellers of blocks. See: Dealer, market maker, principal. - 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. For more information, visit www.bidstrading.com. About Charles River Development Charles River Development is an award-winning provider of technology systems and services to over 300 investment firms in the institutional, mutual fund, banking, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , wealth management, insurance and pension industries. The Charles River Investment Management System is a comprehensive front- and middle-office software suite for all asset classes that includes: Charles River Manager for portfolio management and modeling; Charles River Trader for order management and electronic trading; Charles River Compliance for real-time pre-trade and end-of-day compliance; and Charles River Post-Trade for the centralized management of trade matching, confirmation, and settlement workflow. The system incorporates global real-time electronic trading via FIX (Financial Information eXchange) through the broker-neutral Charles River Network that is fully integrated with Charles River IMS. Charles River IMS features a modern, proven, N-Tier service oriented architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ) that is highly scalable and supports continuous 24x7 operations. Message-based APIs and exposed Web Services facilitate rapid systems integration. The company also offers implementation and managed services (hosted and remote application management). Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, New York, Paris, Singapore and Tokyo. Charles River is the recipient of numerous recent industry awards including: Best Buy-Side Order Management System, TradeTech 2008, 2007; European Front Office IT Company of the Year, Funds Europe 2007 Awards; Best Buy-Side Order Management System and Best Integrated Front-Office Platform, Buy-Side Technology 2007 Awards; Best Portfolio Management System, Waters Reader Rankings 2007; and FinTech Top 100, American Banker/Financial Insights 2007. (a) Figures are double-counted, to include all volume traded on the BIDS Trading ATS (i.e., both sides of the transaction). BIDS Trading, L.P. ("BIDS Trading") is a member of FINRA FINRA Financial Industry Regulatory Authority (formerly Securities Industry Regulatory Authority) and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . BIDS Trading and the BIDS Trading mark are protected in the United States and in countries throughout the world. |
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