M.R. Beal & Company Signs Sponsor Agreement With BIDS Trading
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 07/22/13 -- M.R. Beal & Company, a leading investment banking firm specializing in municipal finance, corporate finance and equity execution, and BIDS Trading, L.P., the Alternative Trading System ("ATS") designed to increase competition and liquidity in the U.S. equity block trading market, are pleased to announce the signing of a sponsorship agreement.
"M.R. Beal is very excited to have become a sponsoring broker with BIDS Trading," said Bernard B. Beal, Chief Executive Officer of M.R. Beal & Company. "This value-add service, combined with our already robust trading platform, demonstrates our commitment to best servicing our clients' increasingly diverse trading needs."
BIDS Trading allows market participants to trade large blocks of equities without revealing their order. Information disclosure is controlled by the trader via customizable trading tools: traders set their minimum block size to help protect their order and they can filter out counterparties based on past trading behavior.
"We are looking forward to providing M.R. Beal's clients with the ability to anonymously access block liquidity on the BIDS Trading platform," said Tim Mahoney, Chief Executive Officer of BIDS Trading. "Our sponsorship model is unique because it allows our buy-side clients to seek block liquidity in BIDS while directing their commission dollars to pay brokers such as M.R. Beal."
BIDS Trading, L.P. is a registered broker-dealer and the operator of the BIDS Alternative Trading System ("ATS"), which was designed to bring counterparties together to anonymously trade large blocks of shares. Developed by a consortium of leading financial services firms, BIDS Trading resolves the classic paradox of the block trader -- the need to find legitimate trading counterparties without prematurely revealing trading intentions. For more information, visit .
Founded in 1988, M.R. Beal is the nation's oldest and continuously operated minority-owned investment bank. The firm consistently ranks among the top-20 national underwriters of municipal debt transactions and among the top-100 underwriters of corporate equity and debt. M.R. Beal is a directed broker for major institutions and an approved broker for most major public and private pension plans. Headquartered on Wall Street in Manhattan's financial district, M.R. Beal also has offices in Chicago, Dallas, Houston, San Antonio, Atlanta and San Francisco. The firm's equity trading group is based in Chicago. For more information, visit .
©2013 BIDS Trading® is a member of FINRA and SIPC. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world.
Zoe Norinsky
BIDS Trading, L.P.
+1.212.618.2600
Keith McGregory
M.R. Beal & Company
+1.312.258.1142
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Datum: 22.07.2013 - 18:30 Uhr
Sprache: Deutsch
News-ID 280522
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