This agreement builds upon Townsend Analytics’ longstanding relationship with Credit Suisse. It enables Credit Suisse’s clients to directly route US and European equity orders to the Advanced Execution Services (AES) suite using RealTick, where they can employ a specialized suite of algorithmic trading strategies developed by Credit Suisse’s quantitative analysts and traders.
Credit Suisse will be expanding the total number of equity algorithmic trading strategies available through RealTick in the second quarter of 2007. The agreement also allows Credit Suisse to quickly develop customized algorithms in the future as the need arises.
Through RealTick, clients can also access CrossFinder, Credit Suisse’s internal crossing network, or dark pool, that anonymously matches buy and sell orders.
RealTick allows our clients to quickly access both traditional electronic networks as well as CrossFinder, all simultaneously from a single platform, said Guy Cirillo, AES global channel sales manager at Credit Suisse. In addition, with Credit Suisse’s proprietary algorithms built into the interface, we are giving our clients a true single-source solution for all their electronic equity trading needs in the major global markets.
