One Connection - 25 Passive Liquidity Pools
OnePipe®, offered jointly by Pragma and Weeden & Co., allows clients to access over 25 passive liquidity sources, including independent dark pools, broker-sponsored crossing networks and streaming liquidity through a single integrated FIX destination.
OnePipe splits up and optimally allocates client orders among these liquidity sources, using both statistical data and real-time information to mathematically optimize crossing rates, benefiting both crossing destinations and clients. Like an air-traffic controller with access to the locations of all airplanes, OnePipe has more information than any one customer and uses this information to direct trades optimally.
OnePipe manages each venue’s rules (such as crossing times, minimum size, pinging versus resting orders, etc.), ensuring that clients have complete liquidity exposure. OnePipe allows clients to deselect liquidity sources, blocking their orders from accessing those sources. At the end of each day, clients receive a summary report, detailing execution rates in each venue as well as providing execution performance statistics by venue.
For more information, mail info@onepipeliquidity.com
or call 203-862-4565.
Features:
- Access –OnePipe provides comprehensive access to over 25 passive liquidity pools for the highest mid-quote crossing rates available. Even though crossing rates at individual smaller destinations may be low on average, for a particular name on a particular day these destinations can be much better than a larger venue that doesn't happen to have liquidity in that name. Collectively, the smaller destinations add a great deal of value.
- Efficiency – OnePipe automatically manages the rules of each liquidity source, like minimum share size, resting orders versus pinging, cross times, etc. This allows the client to enter a single order and gain complete access to all available venues. At the end of the day the client clears a single ticket.
- Liquidity management – OnePipe probes for liquidity where there is the greatest potential. Orders are allocated among venues based on historical and dynamic trade-date liquidity patterns. Sophisticated anti-gaming logic and constant quantitative monitoring of venue quality protect client orders.
- Anti-gaming logic – OnePipe protects resting orders from manipulation and gaming. See our
whitepaper for more information
- Transparency – At the end of the day, a report is sent to each client detailing, for each order, how many shares were crossed at each venue.
- Anonymity – Client identity is completely protected.
- Unconflicted Access – Unlike other products, OnePipe does not preference lower costs or internal liquidity sources. OnePipe works solely to maximize the client's crossing rate.
