LiquidMetrix 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

Disclaimer

The information contained within this website is provided for information purposes only. IFS will use reasonable care to ensure the accuracy of the information within this site. However, IFS will not be held liable for any errors in the information provided within this website or for accuracy or completeness of the information, or for delays, interruptions or omissions therein, any difficulties in receiving or accessing the website and/or for any loss direct or indirect (including without limitation, loss of profits or consequential loss and indirect, special or consequential damages) howsoever arising and whether or not caused by the negligence of IFS, its employees or agents. The information contained within this site may be changed by IFS at any time.

The information available within this website may include ‘Evaluations’ which are not reflections of the transaction prices at which any securities can be purchased or sold in the market but are mathematically derived approximations of estimated values. Nevertheless, reference may sometimes be made to Evaluations as pricing information, solely for convenience or reference. Evaluations are based upon certain market assumptions and evaluation methodologies reflected in proprietary algorithms and may not conform to trading prices or information available from third parties. No liability or responsibility is accepted (and all such liability is hereby excluded) for any information or ‘Evaluations’.

The copyright of this website and all its content belongs to IFS. All other intellectual property rights are reserved. Redistribution or reproduction of the information and data contained within this website is prohibited without the prior written permission by IFS.