Cowen and Company Signs Sponsorship Agreement with BIDS Trading (COWN)

Cowen and Company, the Broker/Dealer unit of Cowen Group, Inc. COWN, and BIDS Trading, L.P., an alternative trading system designed to increase competition and liquidity in the U.S. equity block trading market, today announced the signing of a sponsorship agreement that allows Cowen and Company to provide customers direct and anonymous block liquidity in both BIDS Trading and NYBX. “We are pleased to become a sponsoring broker with BIDS Trading, which will give our clients access to reliable liquidity in the markets,” said John O'Donoghue, Head of Equities of Cowen and Company. “This value-add service, combined with our already robust trading platform, demonstrates our commitment to best servicing our clients' increasingly diverse trading needs.”