Buy-Side Technology Awards: Best Best Buy-Side Algorithmic/DMA Product—Credit Suisse AES
Credit Suisse’s Advanced Execution Services (AES) has become the kingpin of this award category. For the fourth straight year, AES has been named the best algorithm provider by Buy-Side Technology’s judging panel.
Despite its already-robust client base of more than 2,000 clients, Credit Suisse has added about 500 new users over the last 18 months. A big reason for this expansion is the addition of new offerings and upgrades. Credit Suisse has added the Alpha Scorecard in order to provide transparency for clients using its dark pool. Users are also now able to see what type of counterparties they trade with in Crossfinder, the firm’s dark pool, as well as other external dark venues, says Robert Maher, managing director and head of AES European sales.
“Given the heightened concerns traders have when executing in the dark, the offering has been exceptionally well-received by our clients,” he says.
Also new to the AES suite is a real-time performance indicator, Instant Color, and AES ETF, which taps into Credit Suisse’s smart order-router (SOR) to deliver exchange-traded fund (ETF) executions at optimal prices. The firm has also expanded its list of partners for Crossfinder+ and Pathfinder, and it has reached into new markets with its Velocity low-latency solution.
Credit Suisse is currently in the process of redesigning its order-entry ticket so that users can better access AES algorithms. The team is also building out its multi-asset class platform and global pairs-trading capabilities, says Maher.
The AES group has also found it important to help shepherd clients through an increasingly complex regulatory environment, where algorithmic trading and dark pools have become targets.
“Regulation and liquidity are the key concerns on our clients’ minds these days. With regards to regulation, everything seems to be revolving around safety and control within the marketplace,” Maher says. “The AES group has always been intently focused on protecting client orders from adverse market conditions and a difficult trading environment. This will be a continued area of focus in the next 12 months. As ever, liquidity will continue to be an area of focus for our clients. Clients are trading in the dark more than ever in order to source liquidity with minimum impact. We continue to see significant growth in our Crossfinder dark pool, matching over $1 billion a day in Europe alone, making it the go-to venue for clients.” —AM
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Sell-Side Technology Awards 2024: All the winners
Here are all 31 category winners from the 2024 Sell-Side Technology Awards.
Most read
- Sell-Side Technology Awards 2024: All the winners
- Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
- Systematic tools gain favor in fixed income