My, How BIDS Has Changed!
MarketsMedia Magazine July/August 2008
The unforgiving market forced BIDS Trading LP to grow up fast, but Chief Executive Officer Tim Mahoney has learned to rise to the challenge.
Charge of the Light Brigade
Trader Monthly February/March 2008
BIDS CEO Tim Mahoney is determined to illuminate dark-pool trading and reshape the equity business, one otherwise-obscured block at a time.
Block Trading Platforms: BIDS Trading Ups the Ante
Aite Report, September 2007
In recent years, block trading has enjoyed continued growth, due in part to new platforms in the market that are challenging the status quo. While electronic block trading platforms made up just over 1% of the trading volume in the U.S. equities markets in 2003, it represented 4.5% in Q2 2007.
Betting on BIDS Trading
Traders Magazine, July 7, 2007
Twelve of the largest trading houses have banded together to launch an electronic crossing venture. Will their clout make it the dominant system on the Street? That's the open question now that BIDS Trading has started operating. BIDS Trading, which stands for Block Interest Discovery Service, was formed by the eleven largest investment banks and Knight Trading Group. It joins many so-called "dark pools" strewn across the trading landscape, but has the potential to become a blockbuster hit. BIDS Trading' backers collectively control nearly three-fourths of the industry's share volume.