Weeden & Co., LP, a full-service institutional broker, and Pragma Financial Systems, LLC, a quantitative financial technology provider, today announced the launch of OnePipe +, a new product that is part of the OnePipe Optimal Liquidity Management System. Launched in January, OnePipe quickly established the industry’s highest fill rates among non-displayed venues.
Building on the award winning success of OnePipe, OnePipe + is expected to provide maximum liquidity exposure in both displayed and non-displayed markets and achieve higher fill rates for client orders.
Utilizing OnePipe’s optimal order allocation logic, OnePipe + will provide access to more than 40 different market destinations from a single integrated source available on the trader’s desktop. OnePipe + offers the broadest and most intelligent exposure to liquidity in the U.S. capital markets.
OnePipe + enables clients to control how aggressively they want to interact with the open market. Traders may also fine-tune their open market trading parameters to match their level of urgency.
OnePipe + utilizes the same advanced anti-gaming logic, Lifeguardâ„¢, as the existing OnePipe product. By monitoring trades and quotes across markets, Lifeguard dynamically estimates a fair, manipulation-free price and sets trading limits to prevent adverse crosses. OnePipe + is available through any OMS or EMS system via a FIX connection.
“Our buyside clients want access to the largest amount of liquidity while protecting their intentions from being broadcast to the market,†said Douglas Rivelli, Managing Director at Weeden & Co. “OnePipe + ensures that they can take full advantage of both light and dark liquidity and maintain absolute control over their risk level and market interactions.â€
“Many clients want to know that their orders are probing the displayed markets as well as dark pools when searching for liquidity,†said David Mechner, President at Pragma Financial Systems. “Whether a trader has urgency due to short-term alpha, or is trying to lock in a favorable price, OnePipe + is designed to capture all the available liquidity in an optimal way.â€
Building on the award winning success of OnePipe, OnePipe + is expected to provide maximum liquidity exposure in both displayed and non-displayed markets and achieve higher fill rates for client orders.
Utilizing OnePipe’s optimal order allocation logic, OnePipe + will provide access to more than 40 different market destinations from a single integrated source available on the trader’s desktop. OnePipe + offers the broadest and most intelligent exposure to liquidity in the U.S. capital markets.
OnePipe + enables clients to control how aggressively they want to interact with the open market. Traders may also fine-tune their open market trading parameters to match their level of urgency.
OnePipe + utilizes the same advanced anti-gaming logic, Lifeguardâ„¢, as the existing OnePipe product. By monitoring trades and quotes across markets, Lifeguard dynamically estimates a fair, manipulation-free price and sets trading limits to prevent adverse crosses. OnePipe + is available through any OMS or EMS system via a FIX connection.
“Our buyside clients want access to the largest amount of liquidity while protecting their intentions from being broadcast to the market,†said Douglas Rivelli, Managing Director at Weeden & Co. “OnePipe + ensures that they can take full advantage of both light and dark liquidity and maintain absolute control over their risk level and market interactions.â€
“Many clients want to know that their orders are probing the displayed markets as well as dark pools when searching for liquidity,†said David Mechner, President at Pragma Financial Systems. “Whether a trader has urgency due to short-term alpha, or is trying to lock in a favorable price, OnePipe + is designed to capture all the available liquidity in an optimal way.â€
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