SOURCE: Pipeline Trading Systems

September 24, 2010 10:38 ET

IRC Securities Adds Pipeline Trading Systems to Its Research Execution Platform

Buy-Side Clients of IRC Securities Can Now Have Access to the Liquidity of Pipeline's Block Market and the Execution Quality of Pipeline's Algorithm Switching Engine

NEW YORK, NY--(Marketwire - September 24, 2010) - Pipeline Trading Systems LLC, a leading electronic brokerage firm for institutions, announced today that it is partnering with Investment Research Consortium Securities, LLC (IRC Securities), an institutional broker dealer working with both asset managers and research led organizations in the equity and derivatives markets. Clients of IRC Securities will have the ability to generate research credits for the independent research providers on its platform using Pipeline's high-performance execution technology.

"Pipeline has an innovative Algorithm Switching Engine that we can offer our buy-side clients. It's an easy-to-use, advanced execution system that connects via FIX to the client's existing Execution Management Systems," said Brian O'Day, CEO of IRC Securities. "We are delighted to be providing our clients with access to additional buy-side block liquidity and high-performance execution technologies."

"Pipeline is pleased to be partnering with IRC Securities," said Fred Federspiel, CEO of Pipeline. "Their clients will gain access to Pipeline's liquidity and our unique trading technologies as a way to generate research credits."

Under the terms of the arrangement, IRC Securities will distribute Pipeline access to IRC's clients, and IRC Securities and its independent researchers will share in the commissions of their trades executed through Pipeline's technology.

About Pipeline
Pipeline serves institutional trading desks intent on maximizing their contribution to alpha capture, working with traders to customize order execution tools. Pipeline is the only broker deploying order arrival analysis, custom strategy recommendation, trade implementation via predictive switching between best of breed algorithms context-specific post-trade TCA and the high probability of block liquidity. Pipeline helps institutional traders achieve significant improvement in execution performance in today's challenging liquidity environment. Pipeline is headquartered in New York with offices in Boston, Chicago, San Francisco and London. Pipeline is a member of FINRA and SIPC. For more information, visit http://www.pipelinetrading.com.

About IRC Securities
IRC Securities is a FINRA registered broker dealer that continues to expand a suite of services to its consortium of research providers as well as to the institutional buy-side industry. IRC Securities focuses on providing access to high quality independent research providers, commission management and trade processing, operational services including, research invoicing, and compliances services. IRC Securities' Research Prime services platform allows research firms an outsourced solution for the efficient management of their core business strategy. For more information, visit www.IRCSecurities.com.

Contact Information

  • Contacts
    Pipeline Financial Group, Inc.
    Tom Corddry
    Managing Director, Head of Marketing
    Tel: 212-370-8279
    Email Contact

    Investment Research Consortium Securities
    Brian O'Day
    Chief Executive Officer
    Tel: 646-355-0941
    Email Contact