CSFB Peddles Algorithms to Possible Foes
FRONT PAGE: CONNECTIVITY
NEW YORK--Credit Suisse First Boston (CSFB) officials are so confident about their trading algorithms that they’re willing to take a risk in offering them to their potential competitors.
The Advanced Execution Services (AES) electronic trading unit of CSFB is extending its algorithmic offerings to other broker-dealers through a new service called Broker Dealer Plus (BD+), officials say.
The group has also added an eighth algorithm to its arsenal, a tactical, anonymous order type called "Guerilla,"
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