BIDS and Charles River Establish Connectivity

BIDS Trading announced connectivity to Charles River Development’s investment management system.

Users of the Charles River IMS can now route orders directly to BIDS’ block trading platform through the new partnership.

In a statement, Tom Driscoll, Vice President of Sales and Marketing at Charles River said, “This integration is a major initiative in our continual support to help traders streamline workflow and facilitate best execution. 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.”

Tim Mahoney, CEO of BIDS, added, “This connection furthers our efforts to create an open, efficient marketplace to anonymously trade blocks of U.S. equities. Connecting Charles River IMS’s global client base to the BIDS ATS allows users to anonymously access additional liquidity and helps us continue to deliver on our promise to offer the broadest participation and deepest liquidity pool possible.”