Pipeline Financial Group Ltd, the European MTFand institutional electronic brokerage which provides block trading and specialist algorithmic trading services, announced today that it has partnered with CYMBA Technologies.
With Athena, CYMBA provides innovative trading technology solutions, focusing on the delivery of value added products to the investment management community. CYMBA will be working with Pipeline to embed Pipeline’s Block Board and Alpha Pro technology into CYMBA Athena. Partnering with CYMBA will provide clients with the all the benefits of Pipeline’s trading technology via their existing trading tools.
The addition of CYMBA enables Pipeline to offer clients a seamless, efficient trading mechanism without the need for an additional trading venue application taking up valuable space on a trader’s desktop. Being able to offer clients an entirely flexible choice when accessing Pipeline helps clients make the most of their existing infrastructure without additiona lcosts.
Pipeline’s partnership with CYMBA 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.
Oliver Hugh-Jones, Global Head of Sales at CYMBA said: “Our partnership with Pipeline Financial is of strategic significance. We are delighted to be working with Pipeline and are excited about the great benefits that our customers will derive from this innovative and unique liquidity source.”
Commenting on this announcement, Marcus Hooper, Executive Director of Pipeline Financial inEurope, said: “We are excited about this new opportunity with CYMBA. The integration withCYMBA represents the deepest technical integration with a vendor to date. We look forward to the opportunity
