Major Firms Push the ATS Option
FRONT PAGE: NEWS ANALYSIS
NEW YORK—With the debut of two separate alternative trading systems (ATSes) last week, it’s clear that the sell side is moving fast to provide the buy side with inexpensive, anonymous venues for moving blocks of trades, but industry observers are cautioning that a consolidation of electronic execution sites may soon follow.
The new ATS efforts will offer alternative liquidity sources with the backing of major Wall Street investment firms.
The Block Interest Discovery Service (Bids), developed by
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