Credit Suisse AES Enhances Liquidity Access by Linking to RiverCross ATS
New York, May 21, 2008 Credit Suisse Advanced Execution Services (AES) today announced that it has linked to the RiverCross ATS. Credit Suisse AES continues to address the buy side and sell side challenge to locate liquidity in a fragmented equity market.
Credit Suisse's Advanced Execution Services (AES) today announced that it has linked to the RiverCross dark pool as a trading destination for all of its algorithmic and direct access systems. By continuously expanding the network of dark pools Credit Suisse AES helps its clients to locate liquidity in fragmented equity market.
"The fragmentation of the equity markets has produced exponential growth in dark liquidity pools, and this new fragmented market created difficulties for the buy side and sell side to efficiently locate liquidity," said Dan Mathisson, Managing Director and Head of Advanced Execution Services (AES) "Our goal is to solve market participants' frustration with fragmentation by creating partnerships that enhance access to liquidity while continuing to provide anonymity."
"US Equities market structure is more fragmented than ever. In order to maximize the liquidity access and improve execution quality for our clients, AES has been very aggressive about connecting to dark pools," said Dmitri Galinov, a Director and Head of liquidity Strategy at Credit Suisse AES. "We look forward to partnering with RiverCross to offer our clients a new source of liquidity and reduce market impact."
"Credit Suisse AES has been a leader in the alternative execution space from the beginning, and continues to deliver innovative technological solutions to the marketplace. We are pleased they have chosen RiverCross as an additional source of liquidity for their customers," said Paul Onderdonk of RiverCross.
- Karen Laureano-Rikardsen, Credit Suisse, Tel. +212 325 1719, firstname.lastname@example.org
- Melissa Stonberg, RiverCross Securities, Tel. +610 747 1764, email@example.com
- About Credit Suisse
- As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Advanced Execution Services® (AES) is Credit Suisse's award-winning suite of algorithmic trading strategies, tools, and analytics for global trading across equities, options, futures, and foreign exchange. With AES's tools, traders can work orders on multiple liquidity pools, increase productivity by automating trading and improve execution performance. AES helps more than a thousand institutions and hedge funds reduce market impact, improve performance versus benchmarks, and add consistency to their trading processes. The AES team is dedicated to a philosophy of constant improvement and innovation. The platform has been consistently ranked as the leader in global industry surveys.
RiverCross is a fully-automated alternative trading system enabling the sell-side to transact block and non-block orders anonymously, and in a high-availability, fault-tolerant and low-latency environment. Started by Susquehanna International Group , LLP, RiverCross leverages the company's renowned technology and widely-respected trading acumen, while operating as an independent, agency- only ATS.