Pipeline Trading Systems is partnering with Investment Research Consortium Securities, LLC (IRC Securities), an institutional broker dealer working with both asset managers and research providers in the equity and derivative markets. Clients of IRC will have the ability to generate research credits for independent research providers on its platform using Pipeline’s high-performance execution technology.
According to the release, IRC Securities will offer its institutional clients access to Pipeline’s Algorithmic Switching Engine.
“Pipeline has an innovative Algorithm Switching Engine that we can offer our buy-side clients. It's an easy-to-use, advanced execution system that connects via FIX to the client's existing Execution Management Systems," stated Brian O'Day, CEO of IRC Securities. "We are delighted to be providing our clients with access to additional buy-side block liquidity and high-performance execution technologies."
"Pipeline is pleased to be partnering with IRC Securities," said Fred Federspiel, CEO of Pipeline, in the release. "Their clients will gain access to Pipeline's liquidity and our unique trading technologies as a way to generate research credits."
Under the terms of the arrangement, IRC Securities will distribute Pipeline access to IRC's clients, and IRC Securities and its independent researchers will share in the commissions of their trades executed through Pipeline's technology.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio