Credit Suisse’s Advanced Execution Services (AES) unit, the investment bank’s electronic trading division, has rolled out direct market access and algorithmic tools to five new countries.
AES clients can now execute trades on the Abu Dhabi Securities Exchange, Cairo and Alexandria Stock Exchanges in Egypt, the Dubai Financial Market, the Istanbul Stock Exchange in Turkey and the Tel Aviv Stock Exchange in Israel. A sub-set of algorithmic strategies will be tailored to suit the markets of each country.
The move is part of Credit Suisse’s expansion into emerging markets, following launches in India, Indonesia, Poland and Mexico last year.
“We are pleased to add these countries to our algorithmic trading platform and to offer these new services to our clients,” said Rob Maher, head of AES sales for EMEA, Credit Suisse. “We have an established equities business, including cash trading and program trading, in these markets. Our AES platform extends the breadth of our overall offering to our clients.”