UNX, a provider of trading technology solutions, has integrated Credit Suisse's Advanced Execution Services (AES) and algorithms into its Catalyst Execution Management System (EMS).
According to UNX, this integration will allow Catalyst users to access Credit Suisse’s equity algorithms and AES through its Catalyst Portal and EMS.
Catalyst users also can access Credit Suisse’s internal crossing network, Crossfinder, in the US by volume matched. Clients can send orders to Crossfinder directly, or through any trading strategy offered by AES, Credit Suisse’s suite of algorithmic trading strategies, tools, and analytics.
The AES suite will now offer individual algorithms that support core strategies, as well as more specialized tactical, portfolio, conditional and dark strategies, including Guerilla, Sniper, Pathfinder and Reserve.
Guy Cirillo, spokesperson at Credit Suisse, said: “While Credit Suisse AES has always been an early adopter of important technology and trends that can benefit our clients, we believe UNX’s Catalyst empowers all entities in the effort to maximize the capabilities and efficiency of an electronic trading offering.”
Thomas Kim, CEO at UNX , said: “Credit Suisse AES is a major global provider of liquidity and algorithmic trading strategies, so UNX is excited to welcome them into our broker distribution network and now that they’re onboard, our ‘plug and play’ technology gives them the ability to add additional content and updates whenever they want putting them in the driver’s seat.”