Six Banks Invest In Alternative Trading System BIDS Trading

Bob's Guide is reporting that six banks are to invest in the alternative trading system BIDS Trading (Block Interest Discovery Service). Bank of America, Bear Stearns, Credit Suisse, Deutsche Bank, JPMorgan and Knight Capital Group have all invested. The system

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Bob’s Guide is reporting that six banks are to invest in the alternative trading system BIDS Trading (Block Interest Discovery Service). Bank of America, Bear Stearns, Credit Suisse, Deutsche Bank, JPMorgan and Knight Capital Group have all invested. The system (ATS), is designed to increase competition and liquidity in the equity block trading market.

These will join the original founding firms: Citi, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS.

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