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CastleOak Securities, L.P. Signs Sponsor Agreement with BIDS Trading

New York, NY – June 11, 2013 – CastleOak Securities, L.P., a leading New York-based boutique investment bank firm, and BIDS Trading, L.P., the Alternative Trading System (“ATS”) designed to increase competition and liquidity in the U.S. equity block trading market, are pleased to announce the signing of a sponsorship agreement.

“We are excited to become a sponsoring broker with BIDS Trading, which gives our clients access to reliable liquidity in the markets,” said David R. Jones, Co-Founder, President and Chief Executive Officer of CastleOak Securities. “This value-add service, combined with our already robust trading platform, demonstrates our commitment to best servicing our clients’ increasingly diverse trading needs.”

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.

“Our goal is to encourage the broadest possible market participation and we are pleased to provide access to CastleOak’s client base and address their needs for anonymous block trading,” said Tim Mahoney, Chief Executive Officer of BIDS Trading.

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

About CastleOak Securities, L.P.

CastleOak Securities L.P., is a boutique investment bank focused on the capital markets serving a broad array of corporate, governmental and institutional investor clients. Headquartered in New York City, and with eight regional offices, CastleOak specializes in primary and secondary sales and trading of fixed income, equity, municipal and money market securities. For more information, visit

Media Contact

Zoë Norinsky, BIDS Trading, L.P.
Tel: +1.212.618.2600

Sheryl Lee, CastleOak Securities, L.P.
Tel: +1.212.610.2297


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