• Feb
  • 19
  • 2009
  • 1:38 PM

MatchPoint Is a Perfect Platform to Quietly Unwind/Build Up Your Tough Positions

By: Jim Ross
File Under: MatchPoint

While MatchPoint can add value to all types of orders (and in low- and high-volatility markets), there are particular orders that reside on every order blotter and in every algo that are perfectly suited for MatchPoint. These are orders whose size or informational content is so sensitive that it takes days to execute. Very large order positions as well as mid-, small- and micro-cap orders can turn a successful funding, liquidation or transition into a transaction-cost debacle costing hundreds of basis points.

MatchPoint's platform is a perfect place to quietly unwind/build up your tough positions or noiselessly access aggregated natural block liquidity while minimizing transaction costs. Your toughest orders to execute don't belong on your OMS/EMS, they belong in MatchPoint. If not the entire order, then certainly a slice of each of these orders should always participate in the MatchPoint matches.

Why leak your small cap strategy across the ATS marketplace searching for unpredictable liquidity when you can retain control of your execution strategy and order information in a neutral exchange facility? Why leave a big block order accruing slippage and delay costs when there is an informationless place to tap natural block-aggregating liquidity?

Bring MatchPoint the 20% of your order blotter that makes you cringe every morning when you get to work....and it is sitting there...still waiting for you. Your tough orders need love too!

Comments

How much is MatchPoint paying the NYSE for so many endorsements?

by anomynous on February 25, 2009 9:52 AM

Ray,

I know you have been asked this question before, but is anything happening to stop the abuse of pegged orders. The amount of bids and offers that move with the quote with no intention of being executed is getting out of hand.

Thanks
Josh

by josh on February 25, 2009 10:44 AM

Anonymous -- Paying us? MatchPoint IS us; it's a trading facility of NYSE Euronext. Thanks.

by Ray Pellecchia on February 25, 2009 2:22 PM

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