itigroup, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS are teaming up to launch Block Interest Discovery Service (Bids), an electronic platform for block stock trading.

~ by mdavey on September 27, 2006.

One Response to “Bids”

  1. […] Thanks to Matt for the news on Bids – a new block trading system. Since the system is completely anonymised, I can’t see how it solves the information asymmetry problem for the trader offering block liquidity. How can he be sure that the liquidity taker isn’t better informed, and about to leave him with a massive position against which the market then moves ? Posted in Uncategorized | […]

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