CSFB partners with FutureTrade for automated dealing

Source: Credit Suisse First Boston

Credit Suisse First Boston and FutureTrade, a leading independent provider of electronic equity and option execution services, today announced that they have entered into a strategic partnership to offer their combined equity and option trading services as a premium electronic trading solution to buy-side traders.

The combined service will feature Credit Suisse First Boston's Advanced Execution Services' (AES) algorithmic trading tactics and access to CSFB liquidity for options trading, integrated with the electronic equity and options trading capabilities of the FutureTrade platform.

Under the terms of the agreement, CSFB will offer the FutureTrade multi-broker platform integrated with AES as a preferred electronic trading platform for its hedge fund and institutional clients globally. CSFB and FutureTrade will work together to integrate CSFB options execution capabilities and Prime Brokerage data into the FutureTrade platform. This agreement expands the previous agreement announced by the companies which made AES available though the FutureTrade platform.

"The partnership with FutureTrade will allow us to deploy AES's premium algorithms within a state of the art trading platform. This adds a significant dimension to our marketing strategy as we offer our customers an integrated trading solution," said Manny Santayana, Director, AES Sales for the Americas.

"FutureTrade is excited to partner with CSFB's Advanced Execution Services as a preferred electronic trading platform. CSFB's reputation for excellence in algorithmic trading and their global reach make them an ideal partner for us," said Jim Kwiatkowski, Executive Vice President of Sales and Marketing for FutureTrade. "Together we will deliver an electronic trading service which allows clients to choose from a range of liquidity providers, offers the most advanced trading capabilities, and integrates with most leading prime brokers."

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