Investment bank Credit Suisse’s Advanced Execution Services (AES) division, which supplies algorithms and trading tools to the buy-side, has expanded its derivatives capabilities by joining financial software firm Orc’s ExNet broker connectivity network and launching a joint offering with US options pricing and analytics firm Derivix.
AES’s new link with ExNet, which provides hedge funds, proprietary traders and other advanced traders access to liquidity pools, allows users of Orc’s trading systems to trade futures, options and cash equities using AES algorithms and market access.
“In particular, we have an advanced set of algorithms available in derivatives markets where Orc Software is well known,” said Guy Cirillo, global head of channel sales at Credit Suisse AES. “Now, Orc and Credit Suisse customers can together take advantage of our execution algorithms and market connections.”
The joint solution with Derivix will allow the firm’s customers direct access to AES’s options and stock algorithms for use alongside Derivix’s options pricing and analytics. Using FIX connectivity, options traders will be able to access AES from within Derivix’s analytics front-end.
“Working with front-end analytics providers such as Derivix gives customers the right combination of tools for a competitive edge in options trading,” said Cirillo.