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Block Trading Specialist Dominates Competition in NYSE and NASDAQ Trading
NEW YORK, NY--(Marketwire - December 02, 2008) - Pipeline Trading Systems was recently identified as delivering the best arrival price shortfall costs among leading block execution brokers as part of Institutional Investor Magazine's 12th Annual Transaction Cost Survey. In the survey conducted by Elkins/McSherry, State Street's trade-cost analysis and consulting business, Pipeline beat the competition both for NYSE stocks (where Pipeline clients achieved 22.2 bps improvement compared to the Elkins/McSherry broker universe) and for Nasdaq stocks (13 bps improvement). …