SOURCE: Pipeline Trading Systems

April 22, 2009 12:20 ET

Pipeline Acquires Assets of 3D Markets, Inc.

Addition of Block Options System Will Add Substantial Value to Pipeline's Institutional Clients' Trading Strategies

NEW YORK, NY--(Marketwire - April 22, 2009) - Pipeline Financial Group, Inc., a global leader in block execution systems, announced today that it has acquired the assets of 3D Markets, Inc., including the Archangel Blind-Bid Cross™. Archangel™ established the first block options execution system. The system eliminates information-based market impact by matching liquidity providers with institutional investors through an anonymous automated technology. As part of the transaction, the employees of 3D Markets have joined Pipeline.

"Archangel's Blind Bid Options Cross is a leader in satisfying the growing demand for block liquidity in listed equity options," said Alfred Berkeley, Chairman, Pipeline. "As a result of this acquisition, the Pipeline community will benefit from liquidity across different markets and gain safe, anonymous access to liquidity providers, if they so desire."

"Incorporating Archangel's Blind Bid Options Cross into the Pipeline lineup of block liquidity solutions is a natural fit as institutional investors seek liquidity across asset classes," said David Mortimer, Chairman and CEO of 3D Markets. "Our clients will see immediate benefits from both the synergy of the combination and from the commitment that Pipeline brings to the institutional community."

About Pipeline

Pipeline enables block traders to optimize the execution of large orders while denying competitors the information needed to take advantage of them. Pipeline is the only block execution system that combines the high probability of block liquidity with the unmatched performance of predictive switching between best of breed algorithms. The Pipeline system delivers impact-free block liquidity in the face of increasingly sophisticated predators. Pipeline is headquartered in New York with offices in Boston, Chicago, San Francisco and now, London. Pipeline is a member of FINRA and SIPC. For more information, visit http://www.pipelinetrading.com.

About 3D Markets

3D Markets, Inc. creates and develops software and networks to provide innovative solutions aimed at adding liquidity to existing options markets. GWAP™ and Archangel™ are registered trademarks of 3D Markets, Inc. 3D Markets is the developer of Archangel™, a platform that supports two institutional products, the Blind-Bid Cross and the Benchmark Cross. For more information on 3D Markets and its products, visit www.3-dmarkets.com

Contact Information

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

    Bill Haynes
    BackBay Communications
    (617) 556-9982 x224
    Email Contact