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Credit Suisse AES links to RiverCross ATS

22 May 2008  |  1822 views  |  0 Source: Credit Suisse

Credit Suisse Advanced Execution Services (AES) today announced that it has linked to the RiverCross ATS.

Credit Suisse AES continues to address the buy side and sell side challenge to locate liquidity in a fragmented equity market.

Credit Suisse's Advanced Execution Services (AES) today announced that it has linked to the RiverCross dark pool as a trading destination for all of its algorithmic and direct access systems. By continuously expanding the network of dark pools Credit Suisse AES helps its clients to locate liquidity in fragmented equity market.

"The fragmentation of the equity markets has produced exponential growth in dark liquidity pools, and this new fragmented market created difficulties for the buy side and sell side to efficiently locate liquidity," said Dan Mathisson, Managing Director and Head of Advanced Execution Services (AES) "Our goal is to solve market participants' frustration with fragmentation by creating partnerships that enhance access to liquidity while continuing to provide anonymity."

"US Equities market structure is more fragmented than ever. In order to maximize the liquidity access and improve execution quality for our clients, AES has been very aggressive about connecting to dark pools," said Dmitri Galinov, a Director and Head of liquidity Strategy at Credit Suisse AES. "We look forward to partnering with RiverCross to offer our clients a new source of liquidity and reduce market impact."

"Credit Suisse AES has been a leader in the alternative execution space from the beginning, and continues to deliver innovative technological solutions to the marketplace. We are pleased they have chosen RiverCross as an additional source of liquidity for their customers," said Paul Onderdonk of RiverCross.

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