MarketWire reports: Pipeline Trading Systems LLC has deployed its Algorithm Switching Engine, a predictive analytics application.
When activated by a trader, the Algorithm Switching Engine will work in tandem with the existing Pipeline Block Market, correcting inefficiencies associated with the static choice of a single algorithm.
“Our clients know that the most effective way to trade their larger orders is to leverage The Block Market’s 20 percent fill rate for mega-block trades,” said Fred Federspiel, president of Pipeline. “However, large natural liquidity does not always exist within traders’ time constraints, so they are often obliged to algorithmically execute giant block orders by participating in venues that are optimized for sub-block trading. Our clients have requested best-of-breed access to these sub-block markets without the opportunity costs of exiting the Block Market.”