Credit Suisse AES launches algo trading suite in Brazil

Source: Credit Suisse

Credit Suisse's Advanced Execution Services (AES) desk announced today that it has launched in Brazil.

The offering includes its full suite of algorithmic trading capabilities for Brazilian equities, including direct market access (DMA).

Credit Suisse has won key awards in recent years from LatinFinance and Euromoney including Best Overall Investment Bank and Best in Sales & Trading during the past several years. "We believe AES will gain wide acceptance and achieve a healthy market share in Brazil," said Marcelo Kayath, Head of Latin American Equities for Credit Suisse. "This will further enhance Credit Suisse's already dominant position in the region."

The announcement confirmed that Credit Suisse is continuing its aggressive expansion of its AES platform in Latin America. Last year, AES began offering its full suite of tactics on the Mexican Stock Exchange.

"Brazil has been one of the fastest-growing and most dynamic markets on the planet, and we are thrilled to add the country to our ever-growing product suite," said Dan Mathisson, Head of Advanced Execution Services. "With the roll-out of Brazil, AES is available on six continents, across 41 countries."

Since the formation of the AES group in 2001, the bank has pioneered new technology and brought it to as many markets as possible. In recent years, Credit Suisse AES branched into multi-asset class trading supporting futures, options and foreign exchange, in addition to the original equities product line.

"We are excited to bring the Bovespa to our clients' desktops all around the world," said Julie El-Taher, Head of International AES Sales in the Americas.

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