Credit Suisse this week announced the addition of single-leg tactics for US-listed equity, index and exchange-traded fund (ETF) options to its derivatives trading system, which will improve the efficiency of directives execution for buy-side traders.
The firm’s Advanced Execution Services (AES) single leg options strategies will be added to the firm’s PrimeTrade front-end execution system for listed derivatives, which accesses some 35 futures and listed options markets globally.
Pat Luongo, director of AES Options at Credit Suisse, said the addition would give traders based internationally greater functionality to access options markets.
“The integration with PrimeTrade expands our offering to clients and will help us continue to grow our presence as a leader in electronic options trading globally. We are excited to start on-boarding new and existing clients,” Luongo said.
The addition of single leg options complements existing offerings that include option structures, cross-product spreads, foreign exchange, proprietary algorithms and Onyx, the firm’s fixed income algorithmic trading platform.
“PrimeTrade remains at the forefront of electronic trading and continues to offer clients a robust and easy to use platform across many asset classes including access to our suite of AES tactics,” added Nick Hodge, co-head of US fixed income electronic execution sales at Credit Suisse.