BUY-SIDE TECHNOLOGY AWARDS: Best buy-side algorithmic/DMA product or service: Credit Suisse AES

Robert Maher and Stuart McDowell, Credit Suisse

For the third consecutive year, the Buy-Side Technology Award for best algorithm provider goes to Credit Suisse’s Advanced Execution Services (AES), and for good reason: The firm has added hundreds of new clients over the past 18 months, and has maintained a rigorous schedule of new algorithmic product rollouts as well as expanded coverage for assets and geographies—essential to address drastic changes in market conditions.

Besides equities, Credit Suisse AES now covers the futures, options and foreign exchange (FX) markets. The firm has access to 41 countries, more than 40 exchanges and in excess of 100 stock markets around the world.

Credit Suisse’s expansion of its AES Velocity low-latency platform to clients trading Asian equities including Japan, Singapore, Hong Kong and Australia over the course of 2010 provides a good example of its continued support, especially in “new” markets. By providing clients with access to tools able to reduce latency by hundreds of milliseconds, Credit Suisse AES has made more efficient execution of Asian stocks a viable option for investment managers eager to participate in those markets, but who are wary of high-latency issues.

Also this year, the investment bank’s Crossfinder dark pool became the first unlisted liquidity provider in Europe to publish volume figures, while its Crossfinder+ dark smart order router became the first such service to post fully hidden orders on unlisted and alternative exchanges. Credit Suisse AES also offers reciprocal deals through which Crossfinder+ clients can access Instinet’s BlockMatch and ITG’s Posit crossing networks. —SE

Credit Suisse AES has, in my opinion, the leading algo team globally with a strong presence in all major regions—still the market leader.

“Credit Suisse is honored to win the Buy-Side Technology award for best buy-side algorithmic/direct market access (DMA) product or service for the third consecutive year. We look forward to another year of innovation in algorithmic trading for the benefit of our clients.”
—Rob Maher, head of AES sales, EMEA, Credit Suisse

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