A Shot in the Dark
COVER STORY
Trying to find a counterparty for a block trade has just gotten easier—or harder, depending on one's philosophy.
In recent months, the number of alternative trading systems (ATSes) serving dark pools of liquidity has increased twofold. Now, the LeveL ATS and the BIDS ATS have thrown their hats into the ring. LeveL, from Boston-based eBX, is backed by Citigroup, Credit Suisse, Fidelity Brokerage Company, Lehman Brothers, and Merrill Lynch. The Block Interest Discovery Service (BIDS) platform from
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