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Clancy Financial Services, Inc. Signs Sponsor Agreeement with BIDS Trading

New York, NY – December 2, 2011 – Clancy Financial Services, a New York-based agency broker for institutional investors, and BIDS Trading, L.P., the Alternative Trading System (“ATS”) designed to increase competition and liquidity in the U.S. equity trading block trading market, are pleased to announce the signing of a sponsorship agreement. This agreement provides CFS’ clients with anonymous, direct access to liquidity in BIDS Trading’s crossing network, while earning Minority Business Enterprise (”MBE”) credits.

“This is a great opportunity for us and our institutional clients,” said Donna H. Clancy, Founder and Executive Director of CFS. “The sponsor agreement with BIDS Trading compliments the flexibility and utility of our execution services by providing clients direct access to necessary, anonymous liquidity while satisfying diversity goals.”

CFS offers its clients, which include large institutional equity fund managers, pension funds, hedge funds, and small to mid-sized institutional investors, customized service, access to the firm’s technology-driven trading strategies, and an accomplished, trusted, institutional trading desk. Through its agreement with BIDS Trading, CFS customers are now able to directly and anonymously source block liquidity in both BIDS Trading and NYBX. This provides institutions having diversity targets with a convenient way to boost their minority women owned broker dealer use without forcing them to avoid direct-access options.

“We are pleased to provide access to the client base of Clancy Financial Services and address their needs for anonymous block trading,” said Tim Mahoney, Chief Executive Officer of BIDS Trading.

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 minimum block size to help protect their order and can filter out counterparties based on past trading behavior.

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 Clancy Financial Services, Inc.

Clancy Financial Services (CFS) is a NYS and NYC WBE and WBENC certified woman owned, broker dealer that provides full service execution services to institutional investors.

We are currently approved with various states and public funds including the NYC Comptroller’s Retirement Systems, Illinois, New York, Maryland, California, Washington D.C., Massachusetts, New Jersey, Pennsylvania Texas, Virginia and Illinois State Board, Illinois State Board of Investment, Illinois Municipal Retirement fund, State University Retirement System, Teachers Retirement System (TRS) of the State of Illinois, TRS State of Texas, City of Philadelphia, NYS Insurance Fund (NYSIF), Retirement System of Alabama, Port Authority of NY & NJ, NJ Transit, NY Power Authority.

Media Contact

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

©2011 BIDS Trading® is a member of FINRA, NYSE, and SIPC. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world.