BIDS Trading, L.P. is a registered broker-dealer and the operator of the BIDS Alternative Trading System, designed to bring counterparties together to anonymously trade large blocks of shares. Developed by a consortium of leading financial services firms, the BIDS Trading ATS resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions.

BlockCross is an independent dark pool designed to streamline the ATS space. BlockCross not only leverages OMS blotter integrations but also integrates both sellside and Dark Algo liquidity in order to provide the broadest spectrum of block liquidity in the industry. BlockCross also gives institutional traders the ability to post buyside only IOI’s to alert other traders to “Meet me in BlockCross."

Investment Technology Group, Inc. (NYSE:ITG), is a specialized agency brokerage and technology firm that partners with clients globally to provide innovative solutions spanning the entire investment process. A pioneer in electronic trading, ITG has a unique approach that combines pre-trade analysis, order management, trade execution, and post-trade evaluation to provide clients with continuous improvements in trading and cost efficiency. The firm is headquartered in New York with offices in North America, Europe and the Asia Pacific regions.

For more information on ITG, please visit www.itg.com.

JonesTrading Institutional Services LLC is one of the oldest and largest pure execution-only trading firms in the U.S., and a worldwide leader in U.S. block trading. Since 1975, the sole focus of JonesTrading has been creating liquidity for institutions on an agency basis. The ability to provide a secure, trusted platform connecting a diverse group of market players enables the firm to unlock liquidity, providing best-quality execution for larger and more complex trades.

LeveL ATS is a low cost dark pool trading platform that provides for multi-tiered crossing opportunities, and has emerged as a leading independent source of non-displayed liquidity in the marketplace. Since inception LeveL ATS has broadened its reach to a wide and varied customer base while protecting customer orders in a true dark pool.

The Penson Worldwide group of companies provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. Penson Worldwide – Building the Best Clearing and Execution Services Firm in the World.

Pipeline’s block execution system increases control, saves time and empowers the institutional trader to achieve unmatched execution performance on large orders. The Algorithm Switching Engine™ revolutionizes access to dark and displayed liquidity, predicting on a minute-by-minute basis the best algorithm to implement the trader's instructions. Its patent-pending predictive technology minimizes market impact while accessing significant sources of liquidity. 

The seamless integration of Pipeline’s Block Market™ with predictive algorithm switching enables quiet execution in the markets while maximizing opportunities for natural fills. Pipeline’s model maximizes a trader’s probability of capturing genuine block liquidity and consistently delivers Mega-Blocks at the midpoint; with an average trade size of 50,000 shares.

Founded in 1997 by financial industry experts, Shadow Financial Systems is the developer of ShadowSuite®. ShadowSuite provides full post-trade multi-currency and multi-product securities processing, clearing, treasury and accounting functionality on cost-effective, open architecture platforms for trading organizations. Clients include NYSE Arca, National Financial Services, MF Global and many others.

SunGard is one of the world’s leading software and IT services companies.  SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies. 

SunGard provides software and processing solutions for financial services, higher education and the public sector.   SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. 

With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times.  For more information, please visit SunGard at www.sungard.com.

UBS Investment Bank is one of the world's leading investment banking and securities firms, providing securities products and research in equities, fixed income, rates, foreign exchange and metals as well as advisory services and access to the world’s capital markets for corporate and institutional clients, governments, financial intermediaries and alternative asset managers.