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— 406 Million Shares Traded on the BIDS Trading ATS in October

Average Daily Volume on BIDS Trading Surpasses 17.6 Million Shares*

New York, NY – November 1, 2007 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, reached an average daily volume of more than 17.6 million shares* for October 2007.

Since the launch of BIDS Trading in April of 2007, volumes have been growing steadily. The BIDS Trading ATS has traded over 1.6 billion shares* since its formal launch.

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-execute their order or negotiate, they can set their minimum block size to help protect their order, and they can filter counterparties based on past trading behavior.

The BIDS Trading ATS 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 or exchange service that supports the trading needs of its customer base.

BIDS Trading Media Contacts

Caroline Bujak, BIDS Trading, L.P. +1.212.618.2097

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 Trading ATS resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions.

* Figures are double-counted, to include both sides of the transaction.