TradingScreen Partners with BIDS Trading

TradingScreen Inc., an all-asset class order and execution management system, announced a strategic partnership with BIDS Trading, the largest block trading Alternative Trading System by volume in the U.S. 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 U.S. 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. BIDS technology provides 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 customizable trading tools, such as BIDS Scorecards & Filters which can filter out counterparties based on past trading behavior. Cboe LIS licenses BIDS technology to power their matching engine and the BIDS Trader software provides access to both venues from the same platform.