NEW YORK, NY -- (MARKET WIRE) -- 09/13/06 -- Pipeline Trading Systems LLC, a registered broker/dealer and the marketplace of choice for large block electronic trading, announced that Pipeline users executed a record 45,197,200 shares on September 12, 2006. Ninety-nine percent of the shares traded within the best displayed prices nationwide, and the average trade size was over 42,000 shares.
"Our recent growth is a result of traders finding it increasingly easy to execute mega-block liquidity in Pipeline," said Fred Federspiel, President and Founder. "We are thrilled that traders are seeing more opportunities to incorporate the system into their execution strategies."
With Pipeline, pre-trade leakage of critical information is eliminated. Pipeline gives block traders the ability to attract giant contras while frustrating the prying eyes of predators.
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: Brian Holland Pipeline Trading Systems LLC 212-370-8326 firstname.lastname@example.org
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Afmælisverðið er aðeins 2.500 krónur.
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