TradingScreen Partners with BIDS Trading
TradingScreen Inc., the all-asset class order and execution management system, today announced a strategic partnership with BIDS Trading, the largest block trading Alternative Trading System by volume in the U.S. and the technology behind Cboe LIS in Europe.
Through our partnership with BIDS Trading and @CBOE LIS market participants can now benefit from quicker execution and access to orders that will promote competition and remove past inefficiencies of trading blocks of shares. #equities #liquidity https://t.co/T1QWiAw0mU
— TradingScreen (@TradingScreen) February 28, 2019
The new partnership will give the buy-side access to the largest block provider of liquidity in the U.S. and Cboe LIS’ growing liquidity pool in Europe. Market participants can now benefit from quicker execution and access to orders that will promote competition and remove past inefficiencies of trading blocks of shares.
“With over 600 clients connected globally, we understand that partnerships that support a seamless workflow help our clients focus on driving value. This is why we are excited to partner with TradingScreen and offer our mutual clients’ additional opportunities and access,” said Tim Mahoney, BIDS CEO.
BIDS technology uniquely solves for effective equities block trading. By building a solution, that directly addresses liquidity and cost, BIDS has created an ecosystem to enable market participants to trade with confidence knowing that trade details are only exposed when there is a true opportunity to trade. Information disclosure is controlled by the trader via customizable trading tools, such as BIDS Scorecards & Filters which can filter out counterparties based on past trading behavior. Cboe LIS licenses BIDS technology to power their matching engine and the BIDS Trader software provides access to both venues from the same platform.
“Asset managers around the world will benefit from access to the institutional liquidity pool as BIDS becomes one of the dominant players in the space. BIDS has always had a unique focus on the broker relationship and we look forward to an ongoing relationship with BIDS and Cboe LIS,” said Varghese Thomas, TradingScreen Chief Operating Officer and Chief Strategy Officer.
Aim is to better equip clients to execute trading strategies, scale index exposure and hedge.
Regulatory revamp should boost stock liquidity and reduce data costs, BestEx Research says.
Regulator says systematic internalisers make a limited contribution to transparency.
Capital markets analyst assesses report that pioneering dark-pool operator is up for sale.
Buy-side firms are increasingly looking to external trading support and services.