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BIDS Trading Reports Record Monthly Volumes for October 2010

Over 65 million shares* traded per day in October 2010; 123% increase year-over-year.

NEW YORK, NY – November 1, 2010 – BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, today announced record trading volumes for the month of October. The dark pool traded over 65 million shares* per day in October, which is an increase of 123% over average daily volumes the same month last year.

This also marks the second consecutive month that BIDS Trading has achieved record monthly volumes. BIDS Trading’s October volumes of 65 million shares* per day is a 30% increase over September volumes.

On the record numbers, Tim Mahoney, CEO of BIDS Trading said, “The continued growth of BIDS gives us confidence that the model uniquely meets the needs of the institutional trader in this challenging market environment. We continue to focus on the key elements that have fueled our growth to this point; providing block liquidity traders can’t find elsewhere, in a secure environment, with an effective use of commission dollars through sponsored access.”

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.
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

*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.