BIDS MONTHLY NEWS

BIDS Trading is a registered broker-dealer ONE LIBERTY PLAZA, 23RD FLOOR, NEW YORK, NY 10006 and the operator of the BIDS ATS, which is 212.618.2060 | 877.566.2437 | BIDSTRADING.COM designed to bring counterparties together to anonymously trade blocks of stock.

JULY 2021 TRADING STATISTICS

Average Daily Volume* 75.4 million shares Average Block† Execution Size 25,469 shares Blocks† Traded as % of Total Traded Volume 58% Block Trades Larger Than 50k Shares 1,666 Average Daily Block† Volume 43,823,781 shares * Figures include all volume traded on the BIDS ATS and do not include any routed volume. Shares are double counted to include both sides of the transaction. † A block is defined as 10,000+ shares.

FEATURE OF THE MONTH

BMO has joined our Actionable IOI Program

ƒ Clients who have BMO as a live sponsor are eligible to receive incremental liquidity via Actionable IOI Invites. ƒ Clients who already have Actionable IOI enabled will receive these invites without further action. ƒ Please contact your BIDS coverage to enable the feature or add BMO as a sponsor. ƒ To discuss commissions or for a more

contact your BMO coverage. detailed description of the flow, please ƒ Broker coverage may be made aware of AIOI executions, however brokers do not receive data on client orders and will not see when a client declines an invite.

©2021 BIDS Trading® is a FINRA Member Firm. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world. Page 1 of 2 SPONSORING BROKER/DEALER (*MWVBE Certified Broker) Direct 100% of your trading costs in BIDS Trading to the sponsoring broker/dealer(s) of your choice.

ƒ Academy Securities, Inc.* ƒ ƒ Redburn (USA) LLC ƒ American Veterans Group, PBC* ƒ Guggenheim Securities, LLC ƒ Rosenblatt Securities ƒ B. Riley FBR, Inc. ƒ GuzmanGreat Pacific & Company* Securities* ƒ ƒ Bancroft Capital, LLC ƒ H.C. Wainwright & Co. ƒ Siebert Williams ƒ of America/ Lynch ƒ Instinet, LLC Shank & Co., LLC* ƒ Barclays ƒ Itau BBA Securities ƒ Nicolaus ƒ BMO Capital Markets ƒ J.P. Morgan ƒ StoneX Financial Inc. ƒ Cabrera Capital Markets, LLC* ƒ Jefferies ƒ Strategas Securities ƒ Canaccord Genuity Inc. ƒ Keefe, Bruyette & Woods ƒ Sturdivant & Co., Inc.* ƒ Capis ƒ Kepler Capital Markets Inc. ƒ Susquehanna Financial ƒ CastleOak Securities* ƒ KeyBanc Capital Markets Inc. ƒ Telsey Advisory Group* ƒ Citi ƒ Loop Capital Markets* ƒ The Vertical Group ƒ CLSA Americas, LLC ƒ , Inc.* ƒ Themis Trading LLC ƒ Cowen & Co. ƒ MKM Partners ƒ UBS ƒ ƒ Monness, Crespi, Hardt & Co. ƒ Virtu Financial ƒ Daiwa Capital Markets America Inc. ƒ ƒ Securities, LLC ƒ Drexel Hamilton* ƒ North South Capital LLC* ƒ Westminster Research ƒ FBN Securities, Inc. ƒ Penserra Securities* ƒ William Blair & Co. ƒ Piper Sandler & Co. Any broker/dealer can be a sponsor in BIDS; there is no fee to become a sponsor and a direct connection to BIDS is not required. To become a sponsor, e-mail us at [email protected].

INTEGRATION PARTNERS ƒ Advent Moxy ƒ FlexTrade’s FlexTRADER ƒ LiquidityBook LLC ƒ Bloomberg EMS & SSEOMS ƒ INDATA IPM ƒ Portware ƒ Charles River Development ƒ InfoReach ƒ SS&C Eze ƒ Enfusion ƒ Instinet Newport ƒ Tradeweb ƒ Eze Eclipse ƒ JP Morgan’s Neovest ƒ TradingScreen Inc. ƒ Fidessa Buy-side OMS ƒ Linedata Longview & Trader+ ƒ Virtu’s Triton EMS & OMS

MARKET CAP & MARKET SECTOR Fund Other 4% 10%

Real Estate Investment Trust 4% Telecommunication Services 1% Utilities Information Mid 2% Technology 30% Materials 18% 3% Large 49% Consumer Staples Financials 2% 15% Energy 5% Small 21% Industrials Consumer 8% Discretionary 15% Health Care 12%

©2021 BIDS Trading® is a FINRA Member Firm. BIDS Trading and the BIDS Trading mark are protected in the United States and countries throughout the world. Page 2 of 2