Risk Management
TradingScreen Connects Tenth Client to CSFB's AES for Algorithmic Trading
TradingScreen teamed up with Credit Suisse First Boston (CSFB) to offer its Advanced Execution Services (AES) automated algorithmic trading engines to its mix of traditional asset-management and hedge-fund clients.
Though a customized interface, TradingScreen provides access to the full range of CSFB's automated trading tactics including VWAP (volume weighted average price), Inline and Reserve. The service was launched six months ago and now ten clients have gone live and have used it to route AES orders to Europe, the United States and Asia.
CSFB's AES strategies are trading engines developed and actively used by its in-house quantitative analysts and traders that designed the work orders to meet different execution benchmarks or to follow particular trading styles.
Trading Screen's broker-neutral front-end connects to all the major sell-side counter-parties for a variety of asset classes. Trading Screen, a leading multi-broker and multi-product provider of connectivity, has developed a "Hub" concept where brokers and clients can integrate their own set of strategies while using the TradingScreen trading applications (TradeSmart; TradeFIX) and network (TradeNet).
"The externalization of trading strategies to the buy side is currently one of the most significant developments in electronic trading," Philippe Buhannic, chief executive officer and chairman of TradingScreen, states in the release. "The incorporation of CSFB's AES strategies within TradingScreen's strategy Hub and broker-neutral front-end has brought to buy-side clients the virtues of market-access simplicity and broker-value-added capabilities in one package," Buhannic further states in the release.
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