Pipeline Trading Systems, a US block trading venue, has unveiled PowerPlay, an equities block-trading execution system for buy-side traders who want to execute large orders in volatile and fragmented markets.
PowerPlay gives traders access to a combination of proprietary technologies, which allow them to control simultaneous execution of multiple large orders from a single window.
According to Pipeline, PowerPlay will allow traders to minimise information leakage that results from small, probing executions. The platform will use Pipeline’s new Contra Targeting encryption technology, due to be launched in March, which allows traders to find natural matches to large trades by using information from the order management systems of other buy-side traders on the platform.
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