Linedata Services announced connectivity between its LongView Trade Order Management System (OMS) and the BIDS altnerative trading system (ATS) for anonymous block trading.BIDS is latest addition to Linedata's LongView Liquidity Alliance Partnership. "We've been building out our program for about three years now and we have approximately 35 partners currently in the program," says Annie Morris, COO of Linedata Services.
She adds that connectivity to Aqua, an equity alternative block trading system, was also announced this month. "One of our mantras as part of the program for LongView clients is to provide neutral access to liquidity in all markets and for all asset types," says Morris.
The linkage is a real time FIX connection that synchronizes the BIDS dark pool with the LongView trade blotter. "This way we don't have to rely on a drop copy approach, it is a real time FIX destination," explains Morris.
"Certainly with the BIDS name and the backing in the market this is a destination that our clients have been interested in using," she says. "From our perspective we're happy to provide access to these liquidity pools in a very neutral way."
The BIDS ATS is backed by a consortium of banks including Citigroup, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS.