SOURCE: Pipeline Trading Systems

March 02, 2009 13:00 ET

Record Set by Pipeline Trading Community

Average Block Trade Passes 86,000 Shares in Heavy Trading

NEW YORK, NY--(Marketwire - March 2, 2009) - Pipeline Trading Systems LLC announced new record trading took place on its block execution system on February 26. An average block trade size of 86,658 surpassed previous records. Total trading volume exceeded 60 million shares.

"In today's volatile markets, trading large blocks can be especially challenging," said Fred Federspiel, Pipeline President. "We are extremely pleased that our clients are finding such success crossing large blocks in these tough markets."

"Records are great," said Michael Hayes, VP, Sales and Client Services, "but even more important is the long term trend in finding large natural contras. In spite of growing volatility, the average block trade size within the Pipeline community has consistently increased for the last nine quarters, from around 32,000 shares in Q1 2007, through the 47,000 range in Q1 2008, and now to over 50,000 shares thus far in 2009. As we're rolling out Pipeline PowerPlay™, traders are finding the control they need to trade large blocks effectively."

Pipeline PowerPlay is an exclusive buy-side block execution system for hands-on traders. It offers traders unmatched control over the use of information in their search for blocks and their algorithmic executions -- all in one, easy to use tool that preserves the integrity of the blotter.

About Pipeline

Pipeline partners with block traders to optimize the execution of giant orders while denying statistical arbitrageurs the information they'd need to take advantage of institutional orders. 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. It was built from the ground up to deliver the highest quality block liquidity in the face of increasingly sophisticated predators. Pipeline is headquartered in New York with offices in Boston, Chicago, and San Francisco. Pipeline is a member of FINRA and SIPC. For more information, visit http://www.pipelinetrading.com.

Contact Information

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

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