AUSTIN, TX--(Marketwire - July 30, 2009) - According to a market data analysis conducted by S3, the belief that High Frequency Trading (HFT) is creating an unfair advantage for large volume brokerages is unfounded. A study by S3 analysts, which examined data from September of 2008 to July 28, 2009 indicates that the increase of HFT has not had a negative impact on retail traders and 98 percent of all recent trades executed in the market were filled at or better than the NBBO price. "We realize there's a lot of concern that individual investors are being disadvantaged by these super computers," said John Standerfer, Executive Vice President of S3. "But we look at these numbers in great detail every day and the so-called 'flash' orders aren't causing significant price changes. If they were, our NBBO numbers would reflect that and they aren't." Critics of HFT's, and the flash orders they employ, argue that big trading systems conducting business in milliseconds are influencing prices and delivering unfair profits to companies with advanced technology. The information from S3's Execution Quality Analysis platform, however, shows that prices tend not to vary greatly from investor to investor and that investors are overwhelmingly receiving the best available price at the time their order was placed. There is also new technology available for individuals to confirm quality and price. "We've created a new application that allows individuals to check their own trade quality, if they have concerns," Standerfer added. "We're using Twitter to hook up individual traders to the same system we use to run execution quality analysis for some of the biggest names on Wall Street." S3_CheckMyTrade (http://www.s3.com/checkmytrade-twitter-tool.aspx) uses the buy or sell information provided by the Twitter user and then analyzes the performance against all available market data at the time the trade was executed. A single "tweet" will tell a user if they got the best possible deal available in the market at that specific time. Results returned include Marketable Time, Bid Price/Ask Price, and our overall analysis of good or bad, if you included the Trade Price. The S3_CheckMyTrade service is available from 9:30AM - 12:00AM EST every day the New York Stock Exchange is open for requests on orders/trades that occurred on that day. S3 developers are also finalizing the launch of an iPhone application of Check My Trade. As shown in the attached chart, as program trading (High Frequency Trading) has increased as a percentage of volume on the New York Stock Exchange, the percentage of retail orders that did not receive an execution price at or better than the NBBO has decreased. This leads us to conclude that the increase in program trading is not negatively impacting the execution quality of retail traders and in fact the average retail trader's execution quality has actually improved as program trading has increased as a percent of total New York Stock Exchange Volume. About S3 Matching Technologies (www.S3.com) S3 is an Austin, Texas based company focused on providing business crisis solutions for network outsourcers, financial services, and healthcare industries. S3's software is deployed as a managed solution to solve time-sensitive business crises. http://www.marketwire.com/press-release/S3-1023779.html Check it out !