SOURCE: Pipeline Trading Systems

July 09, 2007 12:06 ET

Record Month, Record Quarter for Pipeline

Accelerating OMS Integration With The Block Market's Technology Drives Efficient Workflow and Trading Volume

NEW YORK, NY--(Marketwire - July 9, 2007) - Pipeline Trading Systems LLC today announced that users continue to increasingly profit from industry leading hit rates and mega-block transactions.

With a record average daily volume of 33 million shares, June was 110% greater than a year ago, while the ADV for the 2nd quarter 2007 was over 90% greater than Q2 2006. At the same time, active traders achieved an average trade size of 37,000 shares and fill rates approaching 20% -- a performance level Pipeline believes is unmatched for anonymous block trading.

"Pipeline's customer base continues to grow at a persistently rapid pace," said Fred Federspiel, President, Pipeline Trading Systems. "At the same time, integration of The Block Market™ technology with institutional Order Management Systems is accelerating order placement, mega-block fill rates and transaction volumes."

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.

Joseph Ward, equity trader at Atlanta Capital Management LLC, said, "The Pipeline/LongView integration provides the convenience and control we need to fully leverage Pipeline's large pool of natural liquidity and trade both liquid and illiquid names in block size."

"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