Credit Suisse’s Industry Leading Algorithms Now Available for Listed Options
NEW YORK — Credit Suisse announced today that its algorithmic trading business known as Advanced Execution Services (AES([R])) is making their highly recognized algorithms available for listed options. The offering allows clients to simultaneously access all six US options exchanges, with strategies designed to provide price improvement, while accessing liquidity and mitigating the adverse affects of market impact, leveraging the AES platform to establish itself at the forefront of the options market.
Options AES leverages several state of the art equity algorithms – Sniper and Pathfinder to access options liquidity. Additional strategies allow clients to link options to the price of the underlying and retain anonymity while putting on a position. As option volumes continue to migrate to electronic exchanges and away from the traditional regional exchanges, Options AES’ ability to rapidly access liquidity becomes increasingly paramount. The platform is integrated with more than 40 of the leading trading platforms.
“Options AES combines cutting edge technology with powerful functionality that makes it destined to become the option trader’s best friend in these volatile market conditions,” said Simon Yates, Managing Director and Head of Global Equity Derivatives at Credit Suisse. “The platform’s ease of use in implementing sophisticated derivative strategies makes it an excellent tool for the busy options trader.”
“AES is the premier multi-asset class algorithmic provider,” said Manny Santayana, Managing Director and Head of AES Sales Americas. “We are constantly expanding and improving our products and the latitude of algorithms on offer.”
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.
AES is Credit Suisse’s sophisticated suite of algorithmic trading strategies, tools and analytics for global securities trading. Over a thousand Credit Suisse institutional clients use it to help them reduce market impact, improve performance versus benchmarks, and add consistency to their trading process.
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