TradingScreen integrates Credit Suisse algorithmic trading strategies

Source: Credit Suisse

TradingScreen, the leading provider of multi-broker, multi-product trading platforms with straight-through-processing, today announced the integration of Credit Suisse's AES (Advanced Execution Services) Algorithmic Trading Strategies for the listed futures markets into TradingScreen's full suite of trading products (TradeSmart, TradeExcel, TradeFIX, etc.).

"A natural evolution to our vast offering in Algorithmic Trading for Equities is to extend this service across the other asset classes," says Michael Chin, Global Head of Sales at TradingScreen. "We are excited that Credit Suisse is the first broker on our system to integrate their Algorithmic Trading Strategies for Futures. With this integration, clients will have the ability to direct trades to Credit Suisse across Futures and Equities using the same front-end - accessing Credit Suisse's full range of global connectivity, whether it be DMA, Discretionary or Algorithmic."

AES is Credit Suisse's award winning suite of algorithmic trading services. Widely regarded as the industry leader in algorithmic trading, AES delivers enhanced execution performance to money managers at a competitive price and guarantees against any information leakage regarding clients or their trading activity. Surveys show that AES is a leader in market share for algorithmic trading, and the service has collected over 20 # 1 awards in a wide range of surveys since its introduction in 2002. Extending Trading Screen's existing equity coverage of AES for equities into listed futures is another step forward in Credit Suisse's mission of enabling access to AES through as many trading venues as possible.

Credit Suisse's AES for Futures offering is incorporated into TradingScreen FuturesHUB product. FuturesHUB permits buy side clients active in listed derivatives to use the same platform and ergonomics across brokers, products and exchanges with one single screen and connection. FuturesHUB allows a client to access and choose among various brokers, all visible on the same screen, while maintaining the same connectivity, ergonomics, position, P&L and post trade allocation system. FuturesHUB also supports phone orders, and is backed by the global 24 hour, 6 days a week customer support and reliant infrastructure, for which TradingScreen is known. There are already 19 brokers offering their services through FuturesHUB, and the number is rapidly growing.

"FuturesHUB is resolving one of the most difficult issues faced by the Buy Side client: trading futures and options electronically. This has been extremely difficult until now, due to the multiplicity of screens and the complexity of post trade management which results from it," says Philippe Buhannic, President and CEO of TradingScreen. "Clients can now leverage the connectivity, strategy tools and standardized STP output of TradingScreen while accessing the leading brokerage players on a single screen. FuturesHUB provides a winning combination."

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