The Advanced Execution Services (AES) division of investment bank Credit Suisse has added its options algorithms to data vendor and technology supplier Bloomberg’s execution management system, EMSX.
EMSX clients, as well as users of the Bloomberg Professional service, will now have access to the algorithms, which include spread strategies and delta hedging strategies.
“We are very excited to be the first bank to offer and expand our clients’ complex trading capabilities through our integration with Bloomberg,” said Gene Choe, head of AES options sales. “Since more of our clients are trading complex order types electronically, it’s imperative that we are able to seamlessly integrate our strategies into our clients’ workflow, and integration with Bloomberg allows us to do that.”
According to Credit Suisse, the rapid growth in the technology available for options and the expansion of the penny-pilot programme in the US mean options algorithms can provide faster, cheaper access to liquidity.
“The improved Bloomberg EMSX now delivers multi-leg options functionality that leverages Bloomberg’s core strength in market data, analytics and electronic trading,” added Don Carey, global head of EMSX. “All Bloomberg Professional service customers now have the ability to implement complex options strategies including delta neutral orders through a highly intuitive interface directly from OMON [Bloomberg’s Options Monitor]. Customers can analyse pre-trade risk, perform scenario analysis and route orders to both desk and algorithmic destinations.”