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TradingScreen partners with BIDS Trading and Cboe LIS

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TradingScreen (TS), an all-asset class order and execution management system (OEMS), has formed a strategic partnership with BIDS Trading (BIDS), one of the largest block trading Alternative Trading System (ATS) by volume in the US and the technology behind Cboe LIS in Europe.

The new partnership will give the buy-side access to the largest block provider of liquidity in the US 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,” says 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 customisable trading tools, such as BIDS Scorecards & Filters which can filter out counterparties based on past trading behaviour. 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,” says Varghese Thomas (pictured), TradingScreen Chief Operating Officer and Chief Strategy Officer.

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