Pipeline Trading Systems’ block execution system achieved new record trading on 26 February. An average block trade size of 86,658 surpassed previous records. Total trading volume exceeded 60 million shares.
Pipeline PowerPlay is a 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.
“In today’s volatile markets, trading large blocks can be especially challenging,” says Fred Federspiel, president, Pipeline. “We are extremely pleased that our clients are finding such success crossing large blocks in these tough markets.”
“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,” says Michael Hayes, VP, Sales and Client Services.
“As we’re rolling out Pipeline PowerPlay, traders are finding the control they need to trade large blocks effectively.”
L.D.