Credit Suisse will link its CrossFinder platform with Instinet’s CBX for Japanese Securities. The companies claim that this will increase institutional clients’ opportunities to execute larger trades.
Olivier Thiriet, Credit Suisse’s MD and head of advanced execution services for Asia Pacific, stated, The combination of CrossFinder and CBX will provide our clients with access to one of the largest dark liquidity pools for Japanese securities. We are confident that increased competition between exchanges, proprietary trading system (PTS) brokers and other venues will deliver improved execution performance and, ultimately, returns to our clients.
This agreement is the third between the two firms in the past year. In April, it was announced that Credit Suisse would route order flow to Chi-X, the firm’s new pan-European ATS/MTF, and late last year the firms announced a similar reciprocal linkage of their respective US dark pools.
