BIDS Trading has signed an agreement with OMX, a leading technology expert in the exchange industry. OMX will provide hosting capabilities for the BIDS platform.
With this partnership, BIDS Trading will leverage OMX’s knowledge in managing complex financial marketplaces, including system and network management tools that currently support more than 50,000 annual trading hours.
“Our partnership with OMX provides BIDS Trading with the financial technology platform necessary to offer open, efficient access to both the buy- and sell-side, previously not available on existing crossing networks,” says Timothy Mahoney, Chief Executive Officer of BIDS Trading.
“Our agreement with BIDS Trading reflects the rapidly changing dynamic of market places in North America and Europe, where increasingly alternative trading systems and exchanges are both partners and competitors,” comments Markus Gerdien, President Business Area Market Technology OMX.