Press
October 30, 2006
Pipeline Connection Offers NorthPoint
Trading Partners Clients Access to
Leakproof Block Trading
ATLANTA, GA — NorthPoint Trading Partners LLC, a premier
prime brokerage and fund services company, has today announced connectivity
with Pipeline Trading Systems, an anonymous and secure block trading venue.
This connection provides NorthPoint Trading Partners’ prime brokerage
clients, who are typically small to mid-sized hedge funds, with access to Pipeline’s
leakproof block trading system. One of the ways NorthPoint Trading Partners
distinguishes its company from other service providers is to offer high-touch,
low cost services and analytic tools.
“Our goal is to provide our customers the best technology, best execution,
and best service available, and the Pipeline marketplace offers an excellent
venue for traders working larger orders,” said Douglas Nelson, Chief Executive
Officer of NorthPoint Trading Partners, LLC. Pipeline offers a unique electronic
platform where block traders can enter firm orders for large blocks of stock
without the fear of the predatory practices that can occur in traditional trading
venues. While Pipeline reduces such predation to the point of extinction, it
expands a trader’s control in an auto-ex environment.
NorthPoint Trading Partners LLC
NorthPoint Trading Partners, LLC offers a complete package of direct access
trading platforms, including REDIPlus®, GSEC’s
multi-product electronic trading platform that allows clients to trade across
different markets and asset classes - from equities to options, to foreign
exchange. Through a fully disclosed clearing relationship with Goldman Sachs
Execution and Clearing, L.P. (GSEC), clients receive the benefits of boutique
firm service and pricing, combined with GSEC’s professional clearing
and prime brokerage services, integrated portfolio and trading functionality,
suite of pre- and post-trade analytics, and direct access to the Goldman
Sachs & Co.’s securities lending group.
In addition to electronic trading platforms, customers have access to a staff
of experienced traders that have worked together for years and are very accessible
and professional. For more information visit: http://www.nptradingpartners.com/index.html.
About Pipeline Trading Systems LLC
New York City-based Pipeline Trading Systems LLC is a registered broker-dealer
and operator of Pipeline, an Alternative Trading Systems (ATS) that enables
institutions and brokerage firms to quickly and efficiently trade large blocks
of NYSE, AMEX, NASDAQ listed issues, ADRs, and Exchange Traded Funds (ETFs).
To date, Pipeline’s fill rates and the percentage of trades executing
within the National Best Bid and Offer have both been strong. While Pipeline
expects these trends to continue, we do not guarantee similar performance in
the future. Although there has been no indication to date, high volumes, congested
network or system access, and price volatility may impede trading activities
and performance. Pipeline Trading Systems LLC is a member of the NASD and SIPC.
For more information, visitwww.pipelinetrading.com.
