Credit Suisse expands securities trading platform

Source: Credit Suisse

Credit Suisse today announced the expansion of its Securities Network trading application, a web-based trading platform providing users with access to a global network of structured products, real-time tradable prices, and efficient secondary trading.

Following a successful rollout in the Asia Pacific and EMEA regions last year and a beta test with select clients in the US, the Securities Network platform is now available to Credit Suisse clients across the globe.

The platform allows users to trade in a broad range of structured products including equities, fixed income, and foreign exchange instruments, deposits, and warrants. Both real-time and historical pricing information as well as other aggregate data is available across all asset classes. Additional securities such as real estate derivatives are slated to be added to the platform later in 2007. Currently, more than 2000 securities are listed on Securities Network.

"As the issuance market grows across various types of structured products, there is a commensurate need for a market in secondary trading of these securities," said Michael Clark, a Director responsible for Structured Retail Product Distribution in the Americas at Credit Suisse. "The Securities Network application answers the servicing, liquidity, and transparency demands by providing real-time pricing information, direct trading connectivity, and rapid trade execution on a simple but powerful platform," he continued.

Credit Suisse is one of the largest issuers of structured products. In 2006, the Bank issued in excess of US$50 billion in structured products across a range of asset classes.

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