Trading volume on US alternative trading system (ATS) BIDS Trading reached more than 2.34 billion shares in 2007, with average daily volume topping 17.6 million shares in the fourth quarter of the year.
In addition, average monthly volume was over 234 million shares and average daily volume exceeded 12.8 million for the year. On 25 September, daily volume on the BIDS ATS reached a one-day record, exceeding 64 million shares.
BIDS Trading was formed in September 2006 and started trading in the first half of 2007.
“In 2008, we hope to build upon BIDS Trading’s strong momentum and remain focused on our mission to unite the buy-side and sell-side communities and further improve how they trade blocks,” says Tim Mahoney, CEO of BIDS Trading.