Bids ATS selects CameronFIX platform for FIX connectivity

Source: Orc Software

BIDS Trading the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today that they have signed an agreement with Orc Software (SSE: ORC).

Orc Software, the leading global provider of technology for advanced trading, market making and brokerage, will provide BIDS Trading with their CameronFIX Universal Server for FIX order flow and connectivity.

"As the use of custom algorithms continues to proliferate, it is no surprise that this newly formed ATS, BIDS Trading, has selected our proven FIX application to further enhance its block trading offering," said Martin Koopman, President Orc Software North America. "We are excited to be providing FIX connectivity to the BIDS ATS and we look forward to working with BIDS and its members, many of whom are already familiar with the benefits associated with the CameronFIX platform."

"CameronFIX is widely recognized for its reliability and high-performance market connectivity. In addition, it has the flexibility to easily integrate with our existing architecture," said Tim Mahoney, CEO of BIDS Trading. "We look forward to working with CameronFIX to support our clients' order flow over the industry standard FIX protocol."

The BIDS ATS will be accessible to both the buy-side and sell-side firms that want to trade large blocks through continuous order matching and trade negotiation. Use of the BIDS ATS as a block trading service will not be exclusive or subject to volume commitment and each participant may continue to use any ATS, ECN or exchange service that supports the trading needs of its customer base.

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