|By Marketwired .||
|February 10, 2014 10:20 AM EST||
NEW YORK, NY -- (Marketwired) -- 02/10/14 -- BIDS Trading, L.P., the Alternative Trading System ("ATS") designed to increase competition and liquidity in the U.S. equity block trading market, is pleased to announce the signing of a sponsorship agreement with Jefferies, the global investment banking firm.
"Our goal is to encourage the broadest possible market participation and we are pleased to provide access to Jefferies' client base and address their needs for anonymous block trading," said Tim Mahoney, Chief Executive Officer of BIDS Trading.
"We are pleased to add BIDS Trading to our extensive network of execution platforms," said Peter Forlenza, Global Head of Equities at Jefferies. "This value-add service, combined with Jefferies' robust trading platform, demonstrates our commitment to serving the increasingly diverse needs of our institutional clients -- a commitment that's been at the heart of our firm's success for over 50 years."
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.
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 www.bidstrading.com.
©2014 BIDS Trading® is a member of FINRA and SIPC. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world.
BIDS Trading, L.P.