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Block Interest Discovery Service (BIDS) new trading system from US brokers may become disastrous for US Stock market
Sam Adelton
Sep. 28, 2006

It is aimed at reduced cost of security trading and increasing competition but the net result can be catastrophic during a black monday.
Block Interest Discovery Service (BIDS) new trading system from US brokers may become disastrous for US Stock market.
As Dow flirts to make new high, US security brokers unveil their latest gadget for making quick money through trading large blocks of shares off-exchange.
It is not yet clear how SEC will handle this. The net effect is during the market crash common people will not have the right opportunity to get out of stocks becuase the market can open 1000 points lower.
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