Equity Trading

Product Offering

A comprehensive suite of sophisticated execution tools, which have been designed to easily understand, implement and customize. 

Our expansive suite of trading products, which integrates high-touch, low-touch and programmatic technology driven strategies, creates and reinforces our ability to provide best in class execution. Products span a range of geographies with 24/5 trading on all major exchanges in Europe, Asia and the Americas and market making in 1300+ NASDAQ and NYSE listed securities. Considerable product breadth paired with electronic, out-of-box solutions and customizable architectures allows us to support a variety of trading strategies, responding to changes overnight.

Product Offerings
High-Touch (Cash) Trading
Our traditional high-touch trading model has consistently earned industry accolades from independent firms such as Elkins/McSherry, Pensions & Investments and Greenwich Associates for minimizing market impact and helping clients reduce transaction costs.

  • YTD 2020 Autex crossing rate at 21% - ranked No. 2
  • Sector trader centralization creates efficiency and improves quality
  • Experts in mid- and small-cap liquidity
Program Trading
The execution framework of our program trading group includes qualitative and quantitative analysis before, during and after a client's trade. Strategically, the program trading group blends algorithms with human input to prevent disrupting the marketplace and achieve benchmark goals. For 16 consecutive years, our program trading group has been ranked No. 1 by Greenwich Associates in multiple categories.
Algo (No-Touch) Trading
Piper Sandler offers a comprehensive list of algorithmic strategies to meet specific trading objectives. Our strategies range from schedule based, liquidity seeking, opportunistic, dark only and DMA. We have the ability to customize our strategies rapidly based on our "building block" architectural framework. In addition, we own all of our trading related technology, allowing us to be extremely flexible and responsive to our clients. Critical to client confidence when utilizing our algorithms, each strategy is based upon our conflict-free trading model, as we do not internalize algorithmic orders and do not have a proprietary trading desk.

We use state-of-the-art algorithmic tools and strategies that we designed ourselves. This technology offers the protection of anti-gaming logic, results in higher crossing rates, and importantly, maintains an intelligent human overlay, reducing adverse selection and unintentional introduction of risk.
Commission Management
Comprehensive and flexible program with ability to fund all client commission arrangements (CSA, soft dollar, commission recapture participation program)
Derivatives Trading
Agency model with superior execution that provides clients with multi-disciplinary, collaborative approach towards portfolio management
International Trading (24-Hour)
Global execution capabilities in more than 40 countries extending across all major exchanges in Europe, Asia and the Americas
Event-Driven Strategies
Timely and insightful commentary on a variety of scenarios including merger arbitrage, relative-value, spin-offs, SPACs and other special situations
 
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