Derivix, a financial software company providing options pricing, risk visualization and analytics solutions, today announced that it has extended its strategic relationship with Credit Suisse's Advanced Execution Services (AES), an award-winning provider of algorithmic trading strategies for global equities and options trading.
Derivix is the first company to provide comprehensive support for AES spread, delta-neutral and volatility limit orders.
As options algorithms and trading strategies become more complex, buy-side customers need solutions to navigate the marketplace and rapidly execute trades. With the extension of this relationship, Derivix enables clients to automate the execution process of two-sided complex orders, integrating them together to be priced as a distinct, single order and empowers traders to take advantage of the AES volatility strategies. Leveraging the AES tools allows Derivix customers to access all options exchanges simultaneously and anonymously from within the Derivix real-time option platform.
"AES continues to innovate its products to provide the best execution services that help our clients most effectively navigate this market and capture opportunities," said Eugene Choe, head of AES options sales at Credit Suisse. "Extending our relationship with Derivix enables us to equip clients with the right solutions and support they need to maximize returns in this increasingly complex options marketplace."
Derivix provides pricing, analytics and visualization to the options market in real-time, enabling customers to maximize profits while monitoring risk. Combined with flexible connectivity to execution venues, the Derivix platform offers the speed and analytic accuracy to make fast and intelligent options trading decisions.
"Extending our relationship with Credit Suisse was a natural progression, making it possible for buy-side customers to successfully navigate the market complexities with our sophisticated and reliable solutions," said Jonathan Weedon, CEO of Derivix. "We are working with the broker-dealers at the forefront of innovation, providing our customers with the best possible solutions to get an edge in the fast-moving options market."