23 October 2017
visit www.atos.net

CLSA connects with IEX

09 February 2015  |  2120 views  |  0 Source: CLSA

CLSA Americas (CLSAA), the North American affiliate of Asia's leading independent brokerage and investment group CLSA, announced today that it has integrated the IEX Alternative Trading System (ATS) and Smart Order Router (SOR) across its Electronic Execution algorithms.

This gives clients the option to use the IEX SOR for accessing displayed liquidity across all lit markets as well as the IEX pool when trading via the electronic, high touch or program trading desks. Since adopting the IEX SOR, CLSAA has been a Top 3 user of their Smart Order Router.

These enhancements provide CLSAA’s clients with more opportunities to trade in larger size and with price improvement within IEX, while also ensuring superior capture rates in the lit market. This partnership demonstrates the ongoing commitment and investment by CLSAA to provide clients with a broad suite of innovative, customizable execution services for clients executing via high touch, program trading and low touch. CLSAA is recognized as a valued contributor to the IEX market and was connected and routing orders to the venue on Day 1 of its operation.

Ruth Finkenstadt, Director and Head of CLSAA’s Electronic Trading commented, “The IEX team has an extensive background in developing sophisticated routing technology. CLSAA has chosen to offer clients the choice to use the IEX router because it offers fully transparent, best of breed smart order routing. The combination of market-leading capture rates for displayed liquidity, coupled with high match rates within IEX itself, provides superior execution quality for CLSAA’s execution clients.”

Rick Gould, CEO of CLSAA added, “As a full service agency broker, we seek to provide clients with a choice of tailored execution options. IEX fits well within our model of transparency and unconflicted routing, and we are very pleased to announce the integration of IEX into our growing trading platform.”

Brad Katsuyama, IEX CEO and Co-Founder said, “CLSA Americas’ early and ongoing support of IEX has been valuable in delivering more choice for the end investor. Their integration across their entire execution suite has proven to benefit both CLSAA trading desks and their clients.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
15197 views comments | 17 tweets | 29 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13524 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9953 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9918 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8922 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job