NEW YORK, NEW YORK, June 10, 2008 – NYSE Euronext Advanced Trading SolutionsSM, a unit of NYSE Euronext (NYX), today announced that Credit Suisse Advanced Execution Services (AES ) Crossfinder dark pool will become the first alternative trading system available on SFTI®.
Credit Suisse Crossfinder is the First Dark Pool Available on SFTIŽ
In addition, SFTI provides trading access for multi-asset trading to Credit Suisse via an open FIX architecture. This service includes routes to cash, programs, DMA, derivatives, FX and the algorithmic offering known as AES.
“The SFTI network provides a low latency highly resilient infrastructure that is critical for our clients. SFTI provides AES with a competitive advantage in the electronic trading and algorithmic market place,” said Guy Cirillo Global Channel Sales Manager, AES.
“The Credit Suisse AES platform is a suite of algorithmic trading strategies that allows traders to trade globally. The Crossfinder ATS represents a significant addition to our growing suite of execution services and crossing networks available through SFTI,” said Sam Johnson, Executive Vice President, NYSE Euronext. “This is another significant step in our on-going mission to offer the industry’s best and most active trading services and venues for our clients through partnership with best-of-breed execution service providers.”
SFTI is the NYSE Euronext’s highly resilient, ultra low-latency communications backbone created for the financial industry in 2002. It offers connectivity to multiple exchanges, market centers and content services providers including all of the National Market System markets in the U.S and also connects to over 1,300 market participants. SFTI FIX provides open, standards-based access for data and trading. The OMS neutral FIX router enables customers to get to any destination through a single FIX connection.
About Advanced Execution Services®(AES )
AES is Credit Suisse's award-winning suite of algorithmic trading 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.
For more information: http://www.credit-suisse.com/ib/en/equities/aes.html or contact the AES sales desk on 212 325-5300.
About NYSE Euronext Advanced Trading Solutions
A unit of NYSE Euronext (NYX), NYSE Euronext Advanced Trading Solutions is a leader in providing complete connectivity, data management and transaction solutions for trading firms, vendors and financial markets throughout the world. Offering a suite of comprehensive, best-of-breed commercial technology solutions that include advanced end-to-end market data management, global exchange connectivity and matching technologies, co-location systems, and super low-latency order routing capabilities, NYSE Euronext Advanced Trading Solutions' products attract and enable the free flow of liquidity for high-volume markets around the world. This unit operates SFTI, one of the world's largest, most reliable financial transaction networks; NYSE TransactTools, the high-performance, end-to-end connectivity software; and Wombat, offering the industry's most advanced platform for real-time market data distribution and integration. With offices across the U.S. , Europe , Singapore and Japan , NYSE Euronext Advanced Trading Solutions' commitment to superior development, engineering and customer service has earned the trust to power the trading operations of hundreds of global financial institutions, including core technology for 17 of the world's 20 largest securities firms. For additional information visit: http://www.nyse.com/tradingsolutions
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