Credit Suisse’s Advanced Execution Services (AES) unit has added the US-based Aqua alternative trading system as a trading destination to its algorithmic and direct access systems.
Aqua uses narrowcasting technology to ensure brokers’ orders placed into its platform can only be viewed by buy-side traders already holding contra-orders in their order management systems.
“By striving to be first to connect to every new venue, AES continues to lead the space of accessing dark liquidity,” said Dmitri Galinov, a director and head of liquidity strategy at Credit Suisse AES, in a statement.
“This linkage gives Aqua’s buy-side participants access to Credit Suisse’s substantial flow of block liquidity,” added Kevin Foley, president and chief executive of Aqua. “Credit Suisse’s participation brings new depth to the block flow contributed by over 150 mid-tier and regional firms.”