Daily Volume on BIDS Trading Surpasses 60 Million Shares*.BIDS Trading Breaks Single Day Record for 2008 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, executed more than 60 million shares* today. Since its launch in the spring of 2007, BIDS Trading has surpassed a total volume of 2.86 billion shares*, with average daily volume breaking a new record of over 18.7 million shares* in January 08. The ATS has remained focused on its mission to unite the buy-side and sell-side communities, connecting to eleven Order Management and Execution Management Systems, including FlexTrade Systems' FlexTRADER, Goldman Sachs' REDIPlus, JPMorgan's Neovest, Portware, and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Pinpoint. Using the BIDS Trading ATS, market participants can trade large blocks of equities without revealing their order. Information disclosure is controlled by the trader via various customizable trading tools: traders can choose to auto-match their order or negotiate; they can set their minimum block size to help protect their order; and they can even filter out counterparties based on past trading behavior. BIDS Trading is accessible to all qualifying broker-dealers and their institutional clients, subject to basic credit and regulatory considerations. Use of the BIDS Trading ATS as a block trading service is not exclusive or subject to volume commitments 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. 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 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 Trading platform 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 Trading platform 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. * Figures are double-counted, to include 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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