Credit Suisse adds AES options algos to Bloomberg EMS
21 January 2010 | 4280 views | 0
Source: Credit Suisse
Credit Suisse announced today that it has incorporated its AES Options complex algorithms, which includes spread strategies and the ability to delta hedge on the Bloomberg Execution Management System.
In addition to the AES Options single leg algorithms, these complex order types are accessible to users via the BLOOMBERG PROFESSIONAL® service. Credit Suisse clients can now access Credit Suisse's full suite of innovative AES Options algorithms through the Bloomberg service.
The options industry has seen record volumes in 2009 and the use of complex strategies has been a driving force in contributing to these unprecedented levels. With the rapid growth in technology and the expansion of the penny pilot program, complex option algorithms can provide access to liquidity as a faster, less expensive solution. These strategies create a powerful and innovative tool while providing an efficient, electronic and anonymous means of execution.
"We are very excited to be the first bank to offer and expand our clients' complex trading capabilities through our integration with Bloomberg," said Gene Choe, Head of AES Options Sales. "Since more of our clients are trading complex order types electronically, it's imperative that we are able to seamlessly integrate our strategies into our clients' workflow, and integration with Bloomberg allows us to do that."
"The improved Bloomberg EMSX now delivers multi-leg options functionality that leverages Bloomberg's core strength in market data, analytics and electronic trading. All BLOOMBERG PROFESSIONAL® service customers now have the ability to implement complex options strategies including delta neutral orders through a highly intuitive interface directly from OMON. Customers can analyze pre-trade risk, perform scenario analysis and route orders to both desk and algorithmic destinations. We are very excited to enrich the Bloomberg offering with such a robust and tightly integrated solution," said Don Carey Global Head of EMSX.