Credit Suisse's Advanced Execution Services (AES) unit is pleased to announced that it has rolled out access to direct market access and algorithmic trading to five new markets.
The Bank will execute trades on the Abu Dhabi Securities Exchange (ADX), Cairo and Alexandria Stock Exchanges (CASE), the Dubai Financial Market (DFM), the Istanbul Stock Exchange (ISE) and the Tel Aviv Stock Exchange (TASE) in what is a significant move into the emerging markets by the Bank's algorithmic trading platform.
This development is further evidence of Credit Suisse's leadership in emerging markets through its AES platform following its launches in India, Indonesia, Poland and Mexico last year. The Bank will roll out a sub-set of their algorithmic trading strategies which will be tailored to each country.
"We are pleased to add these countries to our algorithmic trading platform and to offer these new services to our clients. Credit Suisse has a long-standing commitment to emerging and developing markets," said Rob Maher, Head of AES Sales for EMEA. "We have an established equities business, including cash trading and program trading, in these markets. Our AES platform extends the breadth of our overall offering to our clients."
AES offers clients a range of potential advantages over traditional brokerage, giving clients the ability to trade equities directly into exchanges without delay. It combines speed of execution, anonymity in the market, the ability to react quickly to other flows and the ability to self-manage limit orders in the market. AES can be accessed through over 60 order management systems globally.