Credit Suisse Crossfinder[R] Trades Half Billion Shares Yesterday - Sets New Volume Record.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. today announced that its Crossfinder ATS traded a record 514 million shares on October 28, 2009. Crossfinder's volumes have steadily grown throughout the year, making Crossfinder the clear #1 ATS in the U.S. by volume matched. According to Rosenblatt Securities research, Crossfinder represented 1.55% of U.S. stock trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. for the month of September, more than any other "dark pool." "Over the past year, we have made a major push to add retail flows, enhance service for institutional clients, and build the capacity to handle larger volumes," said Dmitri Galinov, Head of Crossfinder at Credit Suisse. "We are very pleased to see that all our hard work is paying off." Crossfinder, launched in 2004, and live in U.S., European and Asian markets, provides price improvement, anonymity and reduced market impact to clients globally. Clients can send orders to Crossfinder directly, or it can be accessed through any trading strategy offered by Advanced Execution Services (AES), Credit Suisse's top-ranked 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 platform. Credit Suisse's Crossfinder Retail Network (CRN CRN Computer Reseller News CRN Crown CRN Council for Responsible Nutrition CRN Crane CRN Community Recycling Network CRN Course Reference Number CRN Center for Responsible Nanotechnology CRN Cornish (SIL code, UK) ), launched in 2008, has proven to be very successful. "There are now over 500 million shares of retail flow passing through Crossfinder each day, which helps our clients find liquidity and possible price improvement." said Pankil Patel, Head of Trading for AES Americas. The Zurich-based bank has climbed steadily through the volume rankings, ranking #1 according to Bloomberg for volume traded this year in the S&P 500. Credit Suisse senior executives said that the bank remains committed to further enhancing their capabilities in electronic trading. "We are committed to having the world's most robust trading infrastructure. We continue to invest significant resources to expand our global multi-asset class electronic trading platform for our clients. Crossfinder's success is a great example of return on that investment," said Robert Jain, Managing Director and Co-Head of Equities, Credit Suisse. Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment 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 46,700 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. The 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) ) of Credit Suisse's parent company, Credit Suisse Group AG, 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. Investment Banking In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 30 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. services. |
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