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— 56% increase from previous quarter, with 44 million shares* traded per day in Q2 2010

BIDS Trading Achieves Record Q2 Volumes

NEW YORK, NY – July 6, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today that it has set a new record for quarterly average daily volume traded. The dark pool traded over 44 million shares* per day in Q2 2010.

This marks the third quarter in a row that BIDS Trading has achieved record quarterly volumes. BIDS Trading’s Q2 volumes increased 56% from its previous quarterly volume of 28 million shares* per day and increased 118% year-over -year.

Tim Mahoney, BIDS Trading CEO, commented, “BIDS was designed to provide a unique source of block liquidity to the institutional trader. Using BIDS, traders can anonymously interact with liquidity from its buy-side user base as well as sell-side algorithmic order flow re-aggregated into block-sized trades. In June, traders had the opportunity to interact with an average of over 5 billion shares that flowed through our system daily.”

Mahoney added, “In the highly competitive electronic trading space, our steady growth makes us confident that our model delivers value to the asset manager. Over 180 users are now connected to BIDS and this number is constantly growing. We would like to thank our users for their ongoing support.”

BIDS Trading participants have simultaneous access to both the BIDS ATS and the New York Block Exchange (NYBX). NYBX, a revolutionary joint venture between BIDS Trading and NYSE Euronext, allows non-displayed liquidity to anonymously access both the displayed and reserve liquidity of the NYSE order book, creating an innovative platform to re-aggregate blocks of stock.

Media Contact

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

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. 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

*Figures include all volume traded on the BIDS ATS and NYBX.

NYBX volume is single counted. BIDS ATS volume is double counted to include both sides of the transaction.