Execution management system specialist REDI has added CLSA Americas to its multi-broker network.
The deal will mean CSLA clients will be able to access it suite of 10 customisable algorithms via REDI’s services.
CLSA Americas recently added alternative trading system IEX, which offers institutional investors the chance to avoid latency arbitrage strategies, with complete integration with its smart order router.
“CLSA is a premier independent brokerage and investment group in Asia, and we are thrilled to be working with their US affiliate, CLSA Americas,” said Sean Sullivan, Chief Revenue Officer at REDI. “Virtually any buy-side firm that trades Asia will have them on their broker list, so we’re delighted to add such a vital provider to our network.”
REDI was spun out of Goldman Sachs in 2013 and has since focused on growing its broker network as an independent technology provider to the buy-side. Today, its network covers 150 execution brokers across equities, futures and options.