Source: Bids Trading
Bids Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and FlexTrade Systems, a leader in multi-asset algorithmic execution management systems, announced today the connection of the FlexTrader trading platform to the Bids ATS.
FlexTRADER is the first broker-neutral execution management system to allow buy-side firms direct access to the BIDS ATS.
Users of FlexTRADER that are sponsored by clients of BIDS Trading can directly access the BIDS ATS to trade large blocks of US equities without altering their trading workflow. In addition, FlexTRADER will support the complete suite of innovative and customized trading tools offered by BIDS Trading.
"With twelve of the largest trading firms comprising its membership, BIDS is an exciting development for the market," said Vijay Kedia, President and Chief Executive Officer of FlexTrade. "Now users of FlexTRADER will have access to a network that has the potential to cover an extraordinary amount of the industry's share volume."
"By expanding our reach to FlexTRADER's global client base, we continue to deliver on our promise to become a truly open network, offering the broadest participation and deepest liquidity pool possible," said Tim Mahoney, Chief Executive Officer of BIDS Trading. "Adding this highly-regarded industry player to the electronic trading platforms already connected to the BIDS ATS allows an even greater number of buy- and sell-side firms to access its growing liquidity."