BIDS Trading, a newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, has signed an agreement with Orc Software.
Orc Software, a provider of technology for advanced trading, market making and brokerage, will provide BIDS Trading with its 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,” says Martin Koopman, president of 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.”