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Credit Suisse AES Enhances Liquidity Access by Linking to RiverCross ATS.


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
 -- Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG.  Advanced Execution Services (AES) today announced that it has linked to the RiverCross ATS. Credit Suisse AES continues to address the buy side and sell side challenge to locate liquidity in a fragmented equity market.

Credit Suisse's Advanced Execution Services (AES) today announced that it has linked to the RiverCross dark pool as a trading destination for all of its algorithmic and direct access systems. By continuously expanding the network of dark pools Credit Suisse AES helps its clients to locate liquidity in fragmented equity market.

"The fragmentation of the equity markets has produced exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear.  in dark liquidity pools, and this new fragmented market created difficulties for the buy side and sell side to efficiently locate liquidity," said Dan Mathisson, Managing Director and Head of Advanced Execution Services (AES) "Our goal is to solve market participants' frustration with fragmentation by creating partnerships that enhance access to liquidity while continuing to provide anonymity."

"US Equities market structure is more fragmented than ever. In order to maximize the liquidity access and improve execution quality for our clients, AES has been very aggressive about connecting to dark pools," said Dmitri Galinov, a Director and Head of liquidity Strategy at Credit Suisse AES. "We look forward to partnering with RiverCross to offer our clients a new source of liquidity and reduce market impact."

"Credit Suisse AES has been a leader in the alternative execution space from the beginning, and continues to deliver innovative technological solutions to the marketplace. We are pleased they have chosen RiverCross as an additional source of liquidity for their customers," said Paul Onderdonk of RiverCross.

About Credit Suisse

As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN CSGN Cyber Sports Gaming Network (UK)
CSGN coordinating subgroup for narcotics (US DoD)
CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) 
) are listed in Switzerland and, in the form of American Depositary Shares American Depositary Share (ADS)

Foreign stock issued in the US and registered in the ADR system.
 (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

About AES

Advanced Execution Services[R] (AES) is Credit Suisse's award-winning suite of 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
 strategies, tools, and analytics for global trading across equities, options, futures, and foreign exchange. With AES's tools, traders can work orders on multiple liquidity pools, increase productivity by automating trading and improve execution performance. AES helps more than a thousand institutions and hedge funds reduce market impact, improve performance versus benchmarks, and add consistency to their trading processes. The AES team is dedicated to a philosophy of constant improvement and innovation. The platform has been consistently ranked as the leader in global industry surveys.

About RiverCross

RiverCross is a fully-automated alternative trading system enabling the sell-side to transact block and non-block orders anonymously, and in a high-availability, fault-tolerant and low-latency environment. Started by Susquehanna International Group Susquehanna International Group, LLP (SIG) is an international financial trading and services group located in Bala Cynwyd, Pennsylvania with offices located in the United States, Asia and Europe.  , LLP LLP - Lower Layer Protocol , RiverCross leverages the company's renowned technology and widely-respected trading acumen, while operating as an independent, agency- only ATS.
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Publication:Business Wire
Article Type:Company overview
Date:May 21, 2008
Words:536
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