Three-Month Transaction Cost Study Shows Pipeline Delivers 5 Cents per Share Advantage Over Universe of Brokers
NEW YORK, NY--(Marketwire - July 31, 2008) - Elkins/McSherry, a leading provider of customized trade execution analyses, recently completed a three-month study of the performance of Pipeline's block execution system. The system combines The Block Market(TM) and Pipeline's new Algorithm Switching Engine(TM). The study showed Pipeline's customers saved 5 cents in total cost as compared to the average of the Elkins McSherry universe of brokers.
The Algorithm Switching Engine represents a dramatic enhancement to Pipeline's …