CA Cheuvreux, the European agency broker owned by Calyon Group, has enhanced the range of algorithms it offers through the Fidessa LatentZero execution management service (EMS), operated by trading solutions provider Fidessa Group.
CA Cheuvreux's new algorithms include Shadow, which allows investors to follow a trading trend while hiding their intention from the market; Inline, which delivers an implementation shortfall by trading as much as possible while minimising market impact; and Summit Runner, which helps buy-side customers avoid paying the spread by disguising orders behind liquidity takers and givers.
"The enhancement of our algorithmic trading offering underlines our commitment to continue to invest in and deliver the best suite of algorithmic strategies to our customers," comments Jerry Lees, head of alternative execution services, CA Cheuvreux. "We are pleased to partner with Fidessa whose global connectivity network supports our objective of reaching the largest community of buy-side and sell-side clients," he says.
Fidessa says LatentZero users can now access CA Cheuvreux's additional strategies and execute trades on 22 markets across Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey and the UK, in addition to the recently launched alternative trading venue Chi-X.
"CA Cheuvreux's new algorithms deliver superior execution capabilities in volatile markets, complementing its set of strategies available through our platform," says Simon Barnby, director of global marketing communications, Fidessa. "As markets evolve, our strategy is to continue to offer new and enhanced services to our growing number of buy-side clients," he adds.