Statement From Pipeline Financial Group Ltd

LONDON, October 26, 2011 -

Pipeline Financial Group Ltd (”Pipeline Ltd”) operates the MTF known as the Pipeline European Block Board (”European Block Board”).  In light of the US Securities and Exchange Commission’s announced settlement with Pipeline Trading Systems LLC, Pipeline Ltd wishes to confirm the following points: 

• Pipeline Ltd does not and never has allowed any affiliate company to trade on its own account with, or provide liquidity to the European Block Board. 
• Neither Pipeline Ltd nor any affiliate of Pipeline Ltd undertakes any form of proprietary trading, market making, capital commitment or establishment of directional positions on behalf of clients in relation to the European Block Board. 
• Pipeline Ltd operates the European Block Board on a common access policy and common rules whereby all users receive exactly the same level of system information in all respects according to the system rules when undertaking trades on the European Block Board.
• Pipeline Ltd’s European Block Board is a stand-alone system custom designed specifically for the needs of European traders. 

The European Block Board was launched at the end of May 2011.  The month of September was a record month in terms of client order flow submitted to the European Block Board.  

About Pipeline Financial Group Ltd (”Pipeline”)

Pipeline is an MTF and electronic agency brokerage specialising in the execution of large block orders. Pipeline enables clients to combine impact-free block order matching on its proprietary Block Board system with predictive switching between best of breed algorithms through its Alpha Pro product. Pipeline is focused on delivering low cost, large order liquidity in today’s high frequency trading dominated markets. Pipeline’s parent organisation, Pipeline Financial Group, Inc. is headquartered in New York with US offices in Boston, Chicago, and San Francisco. For more information, please visit www.pipelinefinancial.eu.

For more information, please contact:
Marcus Hooper
Chief Executive Officer and Executive Director
Pipeline Financial Group Ltd

Caroline Parker +44(0)207-269-7295