Credit Suisse AES links to Liquidnet block trading platform
Liquidnet, an electronic marketplace for block trading, announced today that Credit Suisse's Advanced Execution Services (AES) unit, has joined its prominent and growing list of Streaming Liquidity Partners (SLPs) that will access the depth of liquidity and price improvement provided by Liquidnet H2O.
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"We are excited to have Credit Suisse partner with us in our vision to create a trading environment where our respective institutional customers can trade larger size with less market impact and with the anonymity they require," said Seth Merrin, CEO of Liquidnet. "With Liquidnet H2O, we have continued to expand the liquidity available on the Liquidnet system, the first electronic institutional-only marketplace. Liquidnet's extensive buy-side-only client base provides a depth of liquidity unrivaled by any other execution venue. Our Streaming Liquidity Partners such as Credit Suisse provide the breadth, allowing our Members exclusive first-look access to a large and growing percentage of order flow with the opportunity for price improvement for all participants. This model represents a critical shift in the way institutional trading is occurring."
"At AES, we are always looking for innovative venues that can help us achieve best execution for our clients, while maintaining the absolute integrity and anonymity that is critical to the AES mission," said Dan Mathisson, Managing Director and Head of Advanced Execution Services at Credit Suisse. "We believe that Liquidnet's H2O product has the potential to become a significant new pool of liquidity."