LiquidMetrix to News

April 2011

Intelligent Financial Systems Provides LiquidMetrix Data Analysis Solution to Pipeline Financial


NEWS RELEASE: New York and London(UK), 14 April 2011


Pipeline Financial Group Ltd, the European MTF and institutional electronic brokerage which provides block trading and specialist algorithmic trading services, announced today that it has partnered with Intelligent Financial Systems (IFS).

IFS is a London based software and market data company providing a range of historical and real time market data analysis solutions. IFS have developed a suite of services under the LiquidMetrix brand focused on trade analysis for Europe’s increasingly fragmented equity markets. These services operate using a proprietary multi-terabyte database of full depth order book data covering major European equity Exchanges and MTFs.

IFS will be providing Pipeline with analytical data services relating to market quality measurement and transaction cost analysis via its LiquidMetrix suite of services.

Pipeline’s partnership with IFS coincides with the forthcoming launch of its Block Board MTF at the end of May. A key feature of the launch is a unique liquidity programme which offers clients discounted fees in return for orders, regardless of size, price or “maker/taker” status. The Block Board will commence trading in Pipeline’s existing 14 European markets, offering best execution to clients in over 3,500 instruments.

Sabine Toulson, Managing Director of IFS, said:

“We are delighted to be working with Pipeline Financial, helping to support their innovative new Block Board MTF venue. Increasingly our clients, both sell side Brokers and Buy side firms, are showing a great deal of interest in analysing their trading activities on European MTFs to validate the price improvements, impact reduction and other advantages such venues offer. We will be looking forward to providing Pipeline with objective information on the trading performance achieved in this new venue as well as helping Pipeline to properly reward members providing marketable liquidity.”

Commenting on this announcement, Marcus Hooper, Executive Director of Pipeline Financial in Europe, said: “IFS has an impressive capability in providing data analysis that will support our business model. The better we are able to measure market quality and execution performance, the better we can meet our customers’ requirements. There are many synergies between IFS and our own business that we intend to build upon.”

For further information:


Intelligent Financial Systems: Mark Holloway, Product Manager, +44 (0)20 7395 5561, markh@if5.com
Pipeline Financial Group Ltd: Charles Palmer, FD, +44 (0)207 269 7180, charles.palmer@fd.com or Caroline Parker, FD, +44 (0)207 269 7295, caroline.parker@fd.com

About Intelligent Financial Systems


Intelligent Financial Systems (IFS) is a London based software and market data company providing a range of historical and real time market data analysis solutions. IFS have developed a suite of services under the LiquidMetrix brand focused on analysing execution quality, transaction costs analysis, Best Execution compliance and pre-trade cost prediction for Europe’s increasingly fragmented equity markets. These services operate using a proprietary multi-terabyte database of full depth order book data covering major European equity Exchanges and MTFs and are delivered via its LiquidMetrix WorkStation terminal.

For more information about LiquidMetrix visit www.liquidmetrix.com

About Pipeline Financial Group Ltd


Pipeline is an MTF and institutional electronic brokerage which partners with block traders to optimize the execution of giant orders while denying statistical arbitrageurs the information they'd need to take advantage of institutional orders. Pipeline is the only block execution system that combines the high probability of block liquidity with the unmatched performance of predictive switching between best of breed algorithms. It was built from the ground up to deliver impact-free block liquidity in the face of increasingly sophisticated predators. Pipeline Financial Group, Inc. is headquartered in New York with offices in Boston, Chicago, London and San Francisco.

For more information about Pipeline Financial Group Ltd visit www.pipelinefinancial.eu



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