SOURCE: Pipeline Trading Systems

May 02, 2007 14:41 ET

Pipeline Launches New Office in Chicago

Susan Hines Joins the Block Market as Director of Sales

NEW YORK, NY -- (MARKET WIRE) -- May 2, 2007 -- Pipeline Trading Systems LLC, a registered broker/dealer and the marketplace of choice for large block electronic trading, today announced the opening of its Chicago office at 1 South Dearborn Street. "We're very pleased to open a new office in Chicago," said Fred Federspiel, President of Pipeline. "This investment will allow us to better serve our growing list of clients in the Midwest."

Susan Hines, 35, joins Pipeline from Loop Capital Markets in Chicago, where she was Vice President of Trading and responsible for building relationships with clients to facilitate equity trades. Her prior experience includes her position as a Senior Equity Trader at Harris Investment Management. Hines has an MBA in Finance from the University of Chicago, has been awarded a CFA, and received a BS in Finance from Stetson University.

"We're excited to have Susan join the Pipeline sales team," said Michael Hayes, Vice President, Executive Director of Sales and Client Services. "Her trading expertise and deep roots in the Midwest will be a great asset to our clients and our firm."

About Pipeline Trading Systems

New York-based Pipeline Trading Systems LLC is a registered broker/dealer and operator of Pipeline, an Alternative Trading System (ATS) that enables institutions and brokerage firms to quickly and efficiently trade large blocks of NYSE, AMEX, and Nasdaq listed issues, ADRs and Exchange Traded Funds (ETFs). The Block Market™ from Pipeline offers block traders unsurpassed ability to find and trade with natural liquidity. Unlike other venues, size is guaranteed on Pipeline. Pipeline's predator-proof Large Block Quantity systematically eliminates small order pinging, while Pipeline's unique pay-to-play model prevents pre-trade information leakage. 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 those trends to continue, we do not guarantee similar performance in the future. Although there has been no indication to date, high volumes, congested system access and price volatility may impede trading activities. Pipeline Trading Systems LLC is a member of the NASD and SIPC. For more information, visit

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