Credit Suisse and thinkorswim form algo trading partnership
12 July 2007 | 1975 views | 0
Thinkorswim, a financial technology pioneer and industry-leading online brokerage firm [Nasdaq: SWIM], today announced that its institutional arm, thinkpipes, has entered into a joint relationship with Credit Suisse's Advanced Execution Services (AES).
The relationship allows buy side firms and sell side dealers access to algorithmic options trading products that are integrated on thinkpipes's robust front-end platform.
This partnership will allow Credit Suisse's clients to implement proprietary trading algorithms on the same execution and risk management platform that also provides fully integrated trade and order management facilitation. This combination of option driven technologies delivered to a trader's desktop is unique because thinkpipes offers routing and clearing neutrality to give the professional trade desk the ultimate flexibility. thinkpipes platform's ability to offer options, futures and equities also compliments Credit Suisse AES's ability to offer multi-asset classes to some of the largest buy side firms.
"We have always embraced innovative technology, product development and market expertise. thinkpipes has all of these critical components coupled with a high-touch towards client service," said Brent Kochuba, Head of AES Options Sales, Credit Suisse. "We look forward to leveraging thinkpipes technology and market expertise to our buy side clients."
"Credit Suisse willingly looks to address a customer's need for trading efficiency across asset classes, order management, reporting and execution by tapping into cutting-edge technology." said Tom Sosnoff, President of thinkorswim. "We are excited to be able to bring the best technology and know- how for options trading to this partnership."