FutureTrade, a leading independent provider of electronic equity and option execution services, today announced that it has formed a strategic alliance with Credit Suisse First Boston's Advanced Execution Services (AES).
Under the terms of the agreement, FutureTrade will make AES available to its growing client base of hedge funds and institutional money managers.
AES allows investment managers to execute trades using the same suite of automated, algorithmic trading strategies employed and developed by CSFB's team of quantitative analysts and traders. Developed through comprehensive execution research and continuous live experimentation by CSFB, the strategies are currently in use by many CSFB clients. This alliance enables CSFB's buy-side clients to directly route to AES through FutureTrade, and current FutureTrade clients to select AES as an execution point.
"We continue to gain strategic momentum in anticipating and responding to the needs of the institutional investor," said Jim Kwiatkowski, executive vice president of sales and marketing at FutureTrade. "In keeping with our commitment to our customers, this new comprehensive offering enables us to deliver an even more powerful range of electronic trading solutions; the capacity to intelligently break up and process trades, the ability to add customized constraints to execution strategies, and the availability of historical and real-time data combined with sophisticated real-time calculations to automatically work orders, delivering price and productivity benefits all in a broker and destination neutral medium."
"We are pleased that FutureTrade's innovative trading suite has integrated the AES strategies into their leading edge trading platform," said Manny Santayana, Director, AES Sales for the Americas. "Together with FutureTrade, we are able to provide buy-side traders with an integrated, user-customizable means of accessing CSFB's global algorithmic trading platform."