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News for 'LEHMQ' - (BIDS Trading Announces Barclays Capital as Latest Investor)

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LEHMQ News -- BIDS Trading Announces Barclays Capital as Latest Investor.

Tuesday, March 9, 2010 10:04 AM

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News for 'LEHMQ' - (BIDS Trading Announces Barclays Capital as Latest Investor)

NEW YORK, Mar 09, 2010 (BUSINESS WIRE) -- BIDS Trading, L.P. announced today
that Barclays Capital has become the latest investor in the alternative trading
system (ATS) designed to increase competition and liquidity in the U.S. equity
block trading market.

Barclays Capital (LSE: BARC) joins current investors BofA Merrill Lynch (NYSE:
BAC), Citi (NYSE: C), Credit Suisse Group (NYSE: CS), Deutsche Bank (NYSE: DB),
The Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM),
Knight Capital Group, Inc. (NASDAQ: NITE), Lehman Brothers (OTC: LEHMQ), Morgan
Stanley (NYSE: MS), NYSE Euronext (NYX), and UBS (NYSE: UBS) bringing the total
number of investors in BIDS Trading to twelve.

"This investment is part of Barclays Capital's efforts to provide our clients
with intelligent and efficient access to diverse pools of liquidity," said Brian
Fagen, Head of Equities Electronic Trading Distribution at Barclays Capital.

"We are thrilled to have Barclays Capital join the eleven firms that have
invested in BIDS Trading. This level of industry support, along with our
ever-increasing user base, continues to validate the BIDS Trading model," states
Tim Mahoney, Chief Executive Officer of BIDS Trading. "We look forward to
working closely with Barclays Capital as we continue our mission to grow our
liquidity pool and provide an efficient platform for institutional investors to
trade blocks of shares."

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.

BIDS Trading participants have simultaneous access to both the BIDS ATS and the
New York Block Exchange (NYBX). NYBX, a revolutionary joint venture between BIDS
Trading and NYSE Euronext, is the first joint trading venture between an ATS and
an exchange. NYBX provides investors with access to both displayed and hidden
interest on the NYSE, without revealing trading intentions.

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC.
Barclays Capital provides large corporate, government and institutional clients
with a comprehensive set of solutions to their strategic advisory, financing and
risk management needs. Barclays Capital has offices around the world, employs
over 23,000 people and has the global reach, advisory services and distribution
power to meet the needs of issuers and investors worldwide. For further
information about Barclays Capital, please visit our website:
www.barclayscapital.com.

About BIDS Trading, L.P.

BIDS Trading, L.P. is a registered broker-dealer and the operator of the BIDS
Trading 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, the BIDS ATS resolves the
classic paradox of the block trader -- the need to find legitimate trading
counterparties without prematurely revealing trading intentions. The BIDS ATS is
open to all qualifying broker-dealers and their institutional clients, subject
to basic credit and regulatory requirements. For more information, visit
www.bidstrading.com.

(C)2010 New York Block Exchange, LLC. NYBX(SM) and New York Block Exchange(SM)
are service marks of NYSE Group, Inc. and are used by New York Block Exchange,
LLC under license. BIDS Trading(R) is a member of FINRA, NYSE, and SIPC. BIDS
Trading and the BIDS Trading mark are protected in the United States and
countries throughout the world.

SOURCE: BIDS Trading, L.P.




CONTACT:
BIDS Trading, L.P.
Caroline Bujak, 212-618-2097
[e-mail]
or
Barclays Capital
Mark Lane, 212-412-1413
[e-mail]




Copyright Business Wire 2010

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KEYWORD: United States

North America

New York

INDUSTRY KEYWORD: Professional Services

Banking

Finance

Source: Comtext Market News