BIDS Trading, an alternative trading system (ATS) for the US equity block trading market, has connected to trading technology firm Charles River Development’s Investment Management System. As a result, users of the Charles River IMS can now route orders to BIDS Trading’s block trading platform.
“This connection furthers our efforts to create an open, efficient marketplace to anonymously trade blocks of US equities,” said Tim Mahoney, CEO, BIDS Trading, in a statement. “Connecting Charles River IMS’s global client base to the BIDS ATS allows users to anonymously access additional liquidity and helps us continue to deliver on our promise to offer the broadest participation and deepest liquidity pool possible.”
The BIDS ATS is accessible to both buy-side and sell-side firms that want to trade large blocks through continuous order matching and trade negotiation.