SOURCE: Pipeline Trading Systems

June 05, 2007 09:29 ET

Block Traders Flock to Pipeline for Large Natural Liquidity

The Block Market™ Sustains Record Growth

NEW YORK, NY--(Marketwire - June 5, 2007) - Pipeline Trading Systems LLC today announced that users are benefiting from record growth in performance-enhancing giant-block trades, breaking both the monthly volume record and the single day peak record in the month of May.

The monthly average daily volume for May was over 32 million shares per day, 6% greater than the previous best month, and on May 24th, Pipeline users achieved a record 46,193,600 shares executed in giant block transactions. At the same time, average trade size grew to 40,000 shares and fill rate rose to 20%.

"Our continuous growth in volume is a result of our rapidly growing customer base -- now totaling over 500 firms -- and technology integration efforts, which make it easier for many OMS users to leverage Pipeline to generate giant natural trades," said Fred Federspiel, President, Pipeline Trading Systems. "As a result, Pipeline-client success, even in micro-cap stocks, outstrips our understanding of our competitors' results across the board." Pipeline is fully integrated with the Charles River Investment Management System, Investment Technology Group's Macgregor Order Management Network, and Linedata Services' LongView Trading Order Management System. Integration with LatentZero's Minerva platform is expected to be deployed shortly.

"More and more block traders understand that Pipeline provides the best chance to find large natural liquidity," said Federspiel. "For larger orders, participation in the sub-block marketplace cannot deliver the performance of a well-executed search for natural liquidity, and our growth shows that Pipeline is an increasingly effective venue for that search."

About Pipeline Trading Systems LLC

New York City based Pipeline Trading Systems LLC is a registered broker-dealer and operator of Pipeline, an Alternative Trading Systems (ATS) that enables institutions and brokerage firms to quickly and efficiently trade large blocks of NYSE, AMEX, NASDAQ listed issues, ADRs, and Exchange Traded Funds (ETFs). To date, Pipeline's fill rates and the percentage of trades executing within the National Best Bid and Offer have both been strong. While Pipeline expects these trends to continue, we do not guarantee similar performance in the future. Although there has been no indication to date, high volumes, congested network or system access, and price volatility may impede trading activities and performance. Pipeline Trading Systems LLC is a member of the NASD and SIPC. For more information, visit www.pipelinetrading.com.

Contact Information

  • Contact:
    Brian Holland
    Pipeline Trading Systems LLC
    212-370-8326
    Email Contact

    Bill Haynes
    BackBay Communications
    617-536-0246
    Email Contact