TradingScreen:
First EMS to Introduce Credit Suisse’s AES FX
Algorithms for FX Trading
NEW YORK (April 23, 2008):
TradingScreen Inc, the premier execution management
system (EMS) provider of multi-broker, multi-asset class
trading systems to the buy side, today announced the
addition of Credit Suisse’s AES (Advanced Execution
Services) FX Algos to TradeFX - its FX trading platform.
The expansion of algorithmic trading into foreign exchange
represents a significant shift in FX trading, as it
offers a number of ways to vastly increase the efficiency
of currency trading for the buy-side trader. At the
same time, it also enhances the variety and number of
trading strategies and execution services available
to TradingScreen’s clients around the world. With
the addition of these tactics, TradingScreen now offers
over 300 multi-asset class strategies globally across
the most significant brokers in the market today.
“Credit Suisse and TradingScreen are revolutionizing
again the trading environment by bringing the benefits
of low market impact and enhanced price discovery to
the OTC market. It is a natural evolution to our vast
offering in Algorithmic Trading for Equities and Derivatives
to extend its reach to OTC products, and in particular,
to Foreign Exchange - one of the largest markets in
the world. The customer reception for this new product
has been tremendous.” says Michael Chin, President
and Global Head of Sales at TradingScreen. “With
the recent addition of Credit Suisse’s AES FX
Algos, clients now have the ability to direct trades
to Credit Suisse across FX, Equities, Options and Futures
using the same front-end across its entire range of
value added services.”
AES FX tactics provide traders the possibility to increase
productivity and reduce market impact by automating
trading as well as improving the execution performance
and reducing costs. The most popular AES tactics for
FX include Credit Suisse's Guerilla and Sniper, which
underpin the markets' desire to trade quickly and anonymously
in the market, while quickly capturing liquidity. TradeSmart
TradeFX users can now access these tactics in both SPOT
and FORWARD orders.
“Volatility in currency and equity markets is
increasing. As active currency managers, having access
to Credit Suisse AES FX Algos available on TradeSmart
provides us a great tool to participate in the market
and capture the biggest intraday swings and design a
tailor-made strategy for the day”, said Frits
Fiene, Partner of World View Investment Management B.V.
“As an execution platform that continues to
shape the evolution of electronic trading, TradingScreen
is delighted to further its partnership with Credit
Suisse through the delivery of their new FX tactics
across our global customer base”, says Jonathan
Cooper, Global Head of FX and Fixed Income Sales.
"We are pleased that TradingScreen has integrated
our AES FX algorithms. These FX-specific trading strategies
yield excellent results, particularly when coupled with
Credit Suisse's smart order routing capabilities. In
creating AES FX, we leveraged our established expertise
within equities and used the most innovative ideas and
technology from foreign exchange to create a fully integrated,
multi asset product for our clients," said Paul
Buckley, Head of Credit Suisse’s AES FX sales
in North America.
For more information about AES FX in TradeFX, or to
request a demo, please contact TradingScreen at:
New York Sales: +1 212 359 4100
Chicago Sales: +1 312 447 0100
European Sales: +44 (0) 207 149 3100
Asia Pacific Sales: +85 2 2251 8239
Japan Sales: +81 (3) 4540 8500
Or email us at sales@tradingscreen.com |
ABOUT TRADINGSCREEN
TradingScreen Inc. is accelerating the technical evolution
of the financial markets by providing a fully integrated,
customer-oriented trading service platform to institutional
investors. The proprietary TradingScreen platform links
institutional investors and sell side firms together
to facilitate order routing, execution management, clearing,
and additional value added services, such as real straight
through processing and prime brokerage enabling across
all asset classes. TradingScreen provides global coverage
from offices in New York, Chicago, Sao Paulo, London,
Paris, Hong Kong and Tokyo.
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 48,000
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.
ABOUT AES
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.
For more information: http://www.credit-suisse.com/ib/en/equities/aes.html
or contact the AES sales desk on +44 (0)20 7888 0006.
ABOUT World View Investment Management
B.V
World View is an independent asset manager incorporated
in 2000 that is 100% owned by its principals and has
as a sole purpose to provide the best results for its
clients under different market conditions. Worldview’s
interests are aligned with that of its clients as the
company invests a material amount of its own money in
its own funds being the prime concern a superior risk
adjusted return. Further information about World View
can be found at www.worldviews.nl For More Information, Please Contact:
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