— 49 million shares* traded per day in September 2010; 96% increase year-over-year.

BIDS Trading Reports Record Q3 and September 2010 Volumes

NEW YORK, NY – October 6, 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 September. The dark pool traded over 49 million shares* per day in September, which is a 96% increase from average daily volumes the same month last year.

This also marks the fourth quarter in a row that BIDS Trading has achieved record quarterly volumes. BIDS Trading’s Q3 volumes of 45 million shares* per day is a 105% increase year-over-year.

On the record numbers, Tim Mahoney, CEO of BIDS Trading, offered, “We are pleased that both the buy- and sell-side are finding ample block liquidity in our dark pool. The healthy mix of buy- and sell-side flow 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

Caroline Bujak, BIDS Trading, L.P.
Email: caroline.bujak@bidstrading.com
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 www.bidstrading.com.

*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.