Bids Trading

bids trading, l.p. is a registered broker-dealer and the operator of the bids alternative trading system (ats), which was designed to bring counterparties together to anonymously trade large blocks of shares. developed by a consortium of leading financial services firms, the bids ats resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions. bids trading is a joint venture of: bank of america merrill lynch (nyse: bac), citi (nyse: c), credit suisse group (nyse: cs), deutsche bank (nyse: db), the goldman sachs group, inc. (nyse: gs), jpmorgan chase & co. (nyse: jpm), knight capital group, inc. (nasdaq: nite), lehman brothers (nyse: leh), merrill lynch (nyse: mer), morgan stanley (nyse: ms), nyse euronext (nyx), and ubs (nyse: ubs) the bids ats is open to all qualifying broker-dealers and their institutional clients, subject to basic credit and regulatory requirements.