Pipeline Unveils the PowerPlus Client Commission Arrangement
NEW YORK, NY–(Marketwire – August 17, 2009) – Pipeline Trading Systems, a global leader in Block Execution Systems for institutions, today announced the introduction of the PowerPlus Client Commission Arrangement (CCA). PowerPlus is a comprehensive web-based CCA management system that will allow Pipeline clients in the U.S. to easily access their CCA credits and direct payments for research and other safe harbor eligible services.
The PowerPlus CCA manager provides Pipeline clients with a one stop website which allows them to easily view balances, direct their payments, view their trading history and view allocation details.
“Our mission is to help buy-side trading desks get all the liquidity they need while minimizing losses to high-frequency trading operations,” said Fred Federspiel, Pipeline’s President. “The PowerPlus CCA provides an unsurpassed level of flexibility, control and convenience in commission management, significantly reducing administrative overhead.”
The PowerPlus CCA Manager was developed with Firm 58, the leader in on-demand post-trade information systems, and is now available to all Pipeline clients.
Pipeline enables block traders to optimize the execution of large orders while denying competitors the information needed to take advantage of them. 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. The Pipeline system delivers statistically significant increases in execution performance in the face of increasingly sophisticated predators. Pipeline is headquartered in New York with offices in Boston, Chicago, San Francisco and London. Pipeline is a member of FINRA and SIPC. For more information, visit http://www.pipelinetrading.com.