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 ofservices 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 BlockBoard 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 the irinnovative 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.”
