24 Out of the Top 25 Institutional Managers and Mutual Funds Have Joined
NEW YORK, NY -- (MARKET WIRE) -- September 05, 2006 -- Pipeline Trading Systems LLC, a registered broker/dealer and the marketplace of choice for large block electronic trading, announced that in August it executed over 396 million shares, a new monthly record, and experienced an average daily volume of 17.2 million shares, a 136 percent increase over August of last year.

"More and more block traders are turning to the Pipeline marketplace to find liquidity in mega-block size," said Fred Federspiel, President and Founder of Pipeline. "In fact, last week, there were two days where Pipeline users executed 11 percent of Cisco's total market share."

And in August, Pipeline hit a second milestone, with over 400 firms embracing its leakproof system. With Pipeline, pre-trade leakage of critical information is eliminated. Pipeline provides a tool to attract contras while frustrating the prying eyes of predators.

"Pipeline's momentum is fueled by Institutional Managers and Mutual Funds. By the end of August, 24 out of the top 25 had signed up, and 90 percent of those reporting over 50 billion in equity assets," said Federspiel. "Our growth is a result of these Clients finding true value in what the Pipeline block marketplace has to offer."

About Pipeline Trading Systems LLC

New York City based Pipeline Trading Systems LLC is a registered broker-dealer and operator of Pipeline, an Alternative Trading Systems (ATS) that enables institutions and brokerage firms to quickly and efficiently trade large blocks of NYSE, AMEX, NASDAQ listed issues, ADRs, and Exchange Traded Funds (ETFs). To date, Pipeline's fill rates and the percentage of trades executing within the National Best Bid and Offer have both been strong. While Pipeline expects these trends to continue, we do not guarantee similar performance in the future. Although there has been no indication to date, high volumes, congested network or system access, and price volatility may impede trading activities and performance. Pipeline Trading Systems LLC is a member of the NASD and SIPC. For more information, visit www.pipelinetrading.com.

Contact:
Brian Holland
Pipeline Trading Systems LLC
212-370-8326
brian.holland@pipelinefinancial.com

SOURCE: Pipeline Trading Systems LLC