PIPELINE UPGRADES ALGORITHM SWITCHING ENGINE

Posted June 3, 2009

NEW YORK – Pipeline Trading Systems LLC has upgraded the high-speed performance of its Algorithm Switching Engine, offering a greater velocity range and control of optimizing aggression levels in driving completion of trade executions.

“When executing a giant trade, capturing liquidity opportunities often takes precedence over short-term price improvement,” says Henri Waelbroeck, Director of Research at Pipeline. “By combining predictive switching with access to high speed trading across all significant dark pools and displayed markets, the buy-side trader can maximize liquidity capture at specific points on the chart.”

Utilizing proprietary predictive switching technology, the Algorithm Switching Engine continuously analyses thousands of real-time market data points and switches among 120 premium algorithm strategies to deliver the best execution value. Research has demonstrated that predictive switching improves implementation shortfall results by 30 percent over the use of a single algorithm throughout the execution of a large order.