Pipeline's Average Trade Size Climbs to 50,773 Shares
Industry's Leading Auto-Ex Block Trading Venue Continues to Outpace
Competitors
NEW YORK, NY -- (MARKETWIRE) -- 11/05/07 -- Pipeline Trading
Systems LLC today announced that average trade size in its
auto-execution Block Market(TM) surpassed 50,000 shares per trade on
November 1. The closest competitors in average trade size are not
auto-execution systems, but are indication-based technologies that
provide potential predators with the ability to back away from a
trade. The nearest auto-execution competitor's average trade size is
well below 10,000 shares per trade.
Rob McGrath, Head of Trading, Americas at Schroder Investment
Management, said, "Our desk is seeing larger and larger fills on
Pipeline and we're getting them more frequently. That's why we
decided to set up a CSA agreement -- we get best execution and still
have the ability to pay for research."
"I have been getting larger fills on Pipeline lately, enabling me to
complete significant portions of my orders in very large, impact-free
block crosses," said Joseph Ward, Equity Trader at Atlanta Capital
Management LLC.
"These large, anonymous executions represent unmatched execution
quality for our clients," said Fred Federspiel, President, Pipeline
Trading Systems, "and I am thrilled to see them on the rise."
Pipeline offers a unique electronic platform where block traders can
enter firm orders for large blocks of stock without the fear of the
predatory practices that can occur in traditional trading venues.
While Pipeline reduces such predation to the point of extinction, it
expands a trader's control in an auto-ex environment. And, over 500
buy- and sell-side firms have embraced the Pipeline marketplace to
date.
About Pipeline Trading Systems
New York City-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). To date, Pipeline's
fill rates and its network and systems availability and reliability
have 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 FINRA and SIPC. For more information,
visit www.pipelinetrading.com.
Contact:
Brian Holland
Pipeline Trading Systems LLC
212-370-8326
brian.holland@PipelineFinancial.com
Bill Haynes
BackBay Communications
617-536-0246
bill.haynes@BackBayCommunications.com