CA Cheuvreux Incorporates Smart Trade's Technology into its Blink European Equity Crossing Network.Enables Broker's Clients to Execute Orders from their Desktops, Optimise Execution and Reduce Latency NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , LONDON & PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- CA Cheuvreux, the global equity agency-only brokerage and a subsidiary of Calyon, the corporate and investment banking arm of the Credit Agricole Group, announced today that it has implemented the Smart Trade LiquidityCrosser[TM], a robust, fast-time-to-market crossing engine as part of its internal crossing strategy, matching retail, institutional, program, algorithmic and direct market access (DMA (1) (Digital Media Adapter) See digital media hub. (2) (Document Management Alliance) A specification that provides a common interface for accessing and searching document databases. ) flow coming into the firm. By drawing on its broad reach and market share throughout Europe, CA Cheuvreux has created a European crossing network for equities where clients can execute orders from their desktops, reducing latency and optimising execution. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bertrand Patillet, executive vice president of CA Cheuvreux, "In order to provide our customers with improved latency and best execution, client orders are sent through our internal liquidity pools, crossed against internal agency flow in Blink, our internal crossing network, before duplicate orders are channeled into the open market. When orders are filled first internally, we delete the orders, automatically and simultaneously pulling the duplicate orders from displayed venues." "After a rigorous review process, Smart Trade's LiquidityCrosser was selected for the highly robust nature of its crossing/matching engine and the firm's fast-time-to-market capability," added Salomon Edery, head of information systems at CA Cheuvreux. "Understandably, we're very pleased that CA Cheuvreux has implemented LiquidityCrosser, an integral part of our liquidity management system, to enhance its internal crossing network," said Harry Gozlan, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Smart Trade, specialists in delivering liquidity management systems. "From our initial conversations, CA Cheuvreux clearly delineated its interest in finding solutions designed to attract increased liquidity in an extremely volatile post-MiFID environment, reduce market impact, and provide its expanding customer base with even faster trade execution. We look forward to working closely with the brokerage on other projects." In addition to LiquidityCrosser, the Smart Trade liquidity management system is comprised of a LiquidityAggregator[TM], LiquidityOrchestrator[TM], a smart-order router and LiquidityConnect[TM], the link to multiple execution venues. About Smart Trade Founded in 1999 by former IT and trading professionals from Citigroup, Credit Agricole and Societe Generale, Smart Trade automates execution across the enterprise by providing the financial markets with the most sophisticated liquidity management system (LMS) that enables investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , brokers and exchanges to streamline their execution process across multiple-asset classes around the globe. For more information, visit http://www.smart-trade.net. About Credit Agricole Cheuvreux CA Cheuvreux is Credit Agricole Group's European equity broker and a subsidiary of the group's corporate and investment bank Calyon. Its research team covers nearly 800 stocks in Europe and the Middle East. Its range of execution and sales trading services covers more than 60 European, North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. , Middle Eastern and South African markets. Its robust suite of global electronic execution offerings includes DMA, program trading program trading, a form of securities trading, also known as index arbitrage. Program traders exploit the price discrepancies between indexes of stocks and futures contracts by using sophisticated computer models to hedge positions. , algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of and CFDs. CA Cheuvreux has 15 offices worldwide: Amsterdam, Athens, Frankfurt, Istanbul, London, Madrid, Milan, Paris, Stockholm, Vienna, Zurich, Dubai, New York, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and Tokyo. www.cheuvreux.com. |
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