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Bids Makes Block Trading 'Democratic'

Timothy Mahoney saw his first "dark" trade in June 1979 as a college intern at the New York Stock Exchange. Mahoney, now CEO of Bids Trading, was nervously running orders for a more experienced trader when he realized that he was putting forth considerable effort to keep his positions hidden so as not to affect the pricing of the stocks.

"Dark orders as a tool have been around for as long as people have existed," said Mahoney. "What is happening now is that it's done in cyberspace."




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