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Credit Suisse adds seven markets to algo trading business
Source: Credit Suisse
Credit Suisse announced today that its algorithmic trading business known as Advanced Execution Services (AES) has begun trading in seven new markets.
The additions of Mexico, South Africa, Czech Republic, Greece, Hungary, Malaysia, and Canada's Venture Exchange will make AES available in 32 markets via more than 50 trading platforms.
"Since we rolled out AES six years ago, we have always operated under a vision of one connection to AES bringing you the world," said Dan Mathisson, Managing Director and Head of AES. "Today's announcement demonstrates our continued commitment to offering algorithmic trading wherever our clients want to trade."
The seven new markets were developed by AES quantitative and development teams throughout the globe, building upon the unparalleled experience AES has in international trading. Mexico and Canadian Venture algorithms were created and supported by the New York AES office, Malaysia by the Hong Kong office, and South Africa, Czech Republic, Greece, and Hungary by the London office. AES support and service is available continuously from Monday morning in Tokyo until Friday evening in New York.
"This expansion demonstrates the ability of AES to provide enhanced execution results in an increasing range of market environments," said Richard Balarkas, Managing Director and Head of AES Sales at Credit Suisse. "AES is globally regarded by the industry as the pre-eminent electronic trading platform for equities and other asset classes. Clients can have confidence that as we expand into new markets, the integrity that underpins AES performance will remain intact."
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