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Press Releases

BIDS TRADING SIGNS SPONSOR AGREEMENT WITH JEFFERIES

February 10, 2014

New York, NY – February 10, 2014 – BIDS Trading, L.P., the Alternative Trading System (“ATS”) designed to increase competition and liquidity in the U.S. equity block trading market, is pleased to announce the signing of a sponsorship agreement with Jefferies, the global investment banking firm.

“Our goal is to encourage the broadest possible market participation and we are pleased to provide access to Jefferies’ client base and address their needs for anonymous block trading,” said Tim Mahoney, Chief Executive Officer of BIDS Trading.

“We are pleased to add BIDS Trading to our extensive network of execution platforms,” said Peter Forlenza, Global Head of Equities at Jefferies. “This value-add service, combined with Jefferies’ robust trading platform, demonstrates our commitment to serving the increasingly diverse needs of our institutional clients—a commitment that’s been at the heart of our firm’s success for over 50 years.”

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.

Media Contact

Zoë Norinsky, BIDS Trading, L.P.
Email: zoe.norinsky@bidstrading.com
Tel: +1.212.618.2600

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 firms, BIDS Trading resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions. For more information, visit www.bidstrading.com.

©2014 BIDS Trading® is a member of FINRA and SIPC. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world.

BIDS TRADING REPORTS RECORD BLOCK VOLUMES* IN JANUARY

February 3, 2014

New York, NY – February 3, 2014 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, today announced record block trading volumes for the month of January. Total volume in BIDS averaged more than 86 million shares per day in January. Block trade volume accounted for more than 32 million shares, which was up 88% year over year.

Additionally, in 2013, the number of prints that were greater than 10% ADV was up 25% over the previous year. On the record numbers, Tim Mahoney, CEO of BIDS Trading, offered, “We are pleased with the growth in overall volume and, more importantly, block liquidity in our dark pool. We have focused a great deal of our efforts on improving order interaction and messaging to better facilitate block trades. The healthy mix of buy-side flow and algorithmic flow from the sell-side is leading to greater liquidity, more trading opportunities, and increased market share.”

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.

Media Contact

Zoë Norinsky, BIDS Trading, L.P.
Email: zoe.norinsky@bidstrading.com
Tel: +1.212.618.2600

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 firms, BIDS Trading resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions. For more information, visit www.bidstrading.com.

*Block trades are trades of 10,000 shares or more. Volumes include trades executed in the BIDS ATS. BIDS ATS volume is double counted to include both sides of the transaction.

©2014 BIDS Trading® is a member of FINRA and SIPC. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world.