Credit Suisse announced today that its CrossFinder ATS achieved record volume, with 210.1 million shares matched on July 16.
The volume has been growing by an average of 30 percent a month throughout 2008, allowing CrossFinder to rapidly eclipse many of the traditional agency crossing systems on the Street. This achievement accompanies the record setting volumes in Advanced Execution Services (AES), Credit Suisse's award-winning algorithmic trading platform.
"Credit Suisse has made a major investment in CrossFinder technology over the past year, and clients have taken notice," said Jose Marques, Managing Director and Head of CrossFinder. "We will continue to invest in CrossFinder and provide the enhanced speed, capacity and reliability they have come to recognize us for."
"CrossFinder has become a fantastic source of liquidity for our AES clients," said Dan Mathisson, Managing Director and Head of AES. "As the traditional destinations continue to lose market share, we are constantly looking for new alternatives like CrossFinder that can provide liquidity, speed and price improvements for our clients."