|By Business Wire||
|May 20, 2014 02:50 PM EDT||
Tripleshot, which provides an alternative to public stock markets, announced that the United States Patent and Trademark Office (USPTO) awarded a U.S. patent related to its institutional trading network.
On May 20, 2014, the USPTO issued US Patent No. 8,732,065, entitled “Electronic Trading System and Method.” The patent covers novel solutions to one of the most vexing and fundamental market problems: how to find a trading counterparty without revealing trading intentions before a trade occurs.
As highlighted in the recent bestseller Flash Boys, one of the most effective ways for institutional investors to avoid the negative impact of predatory high-frequency trading is to trade in size. Prior to Tripleshot, attempting to trade a large block of stock carried its own risk: traders were forced to disclose at least some of their trading intentions (i.e. order information) for the chance to trade. Tripleshot’s patented technology effectively reduces pre-trade information risk to zero.
“Tripleshot’s camouflage technology works. This is the first block trading solution where we don’t worry about getting gamed,” said Dave Brooks, Head of Global Equity Trading at The Boston Company Asset Management, a leading Boston-based equities manager for BNY Mellon with $50 billion in assets under management.
Tripleshot’s first 75 clients collectively manage over $7 trillion and include 12 of the top 25 largest US equity asset managers. The average trade on Tripleshot is over 100 times larger than the typical trade on an exchange or broker dark pool.
“Building an institutional trading network from the ground up isn’t easy, and we have plenty of work to do,” said Michael Hayes, Tripleshot’s founder and CEO. “But if you provide a truly innovative method for bringing buyers and sellers together, the potential upside is significant.”
Tripleshot currently provides its unique trading methodology to US equities markets and is in early discussions with prospective investors regarding potential use in fixed income, options, derivatives and international equities markets.
Tripleshot was founded to help global institutional asset managers implement their investment decisions more effectively. For more information on Tripleshot, please visit www.tripleshot.com. Tripleshot LLC is a member of FINRA/SIPC and a SEC-registered Alternative Trading System (ATS).
© 2014 Tripleshot LLC
May. 24, 2015 11:30 AM EDT Reads: 3,694
May. 24, 2015 11:30 AM EDT Reads: 2,668
May. 24, 2015 11:30 AM EDT Reads: 879
May. 24, 2015 11:00 AM EDT Reads: 1,380
May. 24, 2015 11:00 AM EDT Reads: 6,507
May. 24, 2015 10:45 AM EDT Reads: 1,143
May. 24, 2015 10:30 AM EDT Reads: 4,079
May. 24, 2015 10:30 AM EDT Reads: 2,734
May. 24, 2015 10:30 AM EDT Reads: 5,078
May. 24, 2015 10:00 AM EDT Reads: 1,794
May. 24, 2015 10:00 AM EDT Reads: 1,668
May. 24, 2015 09:30 AM EDT Reads: 3,426
May. 24, 2015 09:30 AM EDT Reads: 4,515
May. 24, 2015 09:30 AM EDT Reads: 6,404
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
May. 24, 2015 09:00 AM EDT Reads: 5,997