Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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September 30, 2004

Building Up Trading Services

By Staff Reports

Piper Jaffray says it will have more algorithm execution capabilities with the purchase of broker dealer Vie Securities.

The Minneapolis-based firm says the purchase will also allow it to offer its institutional clients more products.

The acquisition includes proprietary algorithms, direct market access systems and licensed trading technology. The electronic trade execution service will be operated independent of Piper's traditional market making activities. Vie clients will still receive service under the Vie name until the transaction closes sometime before the end of the year.