Daily volume on BIDS Trading exceeds 64 million shares

BIDS Trading, the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, has announced that it executed more than 64 million shares on Tuesday 25 September.
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BIDS Trading, the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, has announced that it executed more than 64 million shares on Tuesday 25 September.

The BIDS ATS has traded over one billion shares since its formal launch in April 2007.

According to BIDS Trading, using the BIDS ATS allows market participants to trade large blocks of equities without revealing their order. Information disclosure is controlled by the trader via various customisable trading tools: traders can choose to auto-execute their order or negotiate; they can set their minimum block size to help protect their order; and they can even filter out counterparties based on past trading behaviour.

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