BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and Charles River Development, an award-winning provider of technology systems and services for the global investment management community, says that connectivity has been established between their electronic trading platforms. Through this partnership, current users of the Charles River Investment Management System (Charles River IMS) can now easily and anonymously route orders to BIDS Trading's block trading platform; executing blocks of U.S. equities with little to no market impact. The partnership reaffirms both companies' commitment to offer open and comprehensive electronic trading solutions, focused on helping traders reduce costs and risk, as well as increase operational efficiency in a secure environment.
"This integration is a major initiative in our continual support to help traders streamline workflow and facilitate best execution," said Tom Driscoll, vice president, sales and marketing, Charles River Development, in a press release. "Charles River IMS offers clients a central conduit to all liquidity pools across all asset classes. Our clients can connect with a host of international destinations, and their choices now include the BIDS ATS," he added.