Admitting Credit Suisse Algos, Aqua Opens Liquidity

September 2008
Securities Industry News;9/15/2008, Vol. 20 Issue 32, p1
Trade Publication
The article reports on the decision of Aqua Equities (AE) to open up its liquidity prompting Credit Suisse (CS) to send algorithmic orders to AE. This allows CS to interact with the venue's block orders while simultaneously working them in the rest of the market as explained by Dmitri Galinov, head of liquidity strategy at CS Advanced Execution Services (AES). Aqua's focus on liquidity from midsize and smaller broker-dealers attracted the attention of CS which is viewed as an overlooked source of block liquidity.


Related Articles

  • Comeback trail. Birger, Jon // Crain's New York Business;04/26/99, Vol. 15 Issue 17, p1 

    Reports on the continued growth of American bank Credit Suisse First Boston Corp. since its formation from the merger of Swiss firm Credit Suisse Group and First Boston Corp. in 1997. Hiring of 900 analysts and investment bankers; Growth of the firm's equity business; Bonds underwritten by the...

  • Odds & Ends.  // Investment Management Weekly;4/18/2005, Vol. 18 Issue 15, p11 

    Presents an update on the financial services industry in the U.S. as of April 18, 2005. Appointment of Thomas Hirschfeld at Halcyon Asset Management; Consolidation of Credit Suisse First Boston with its parent company Credit Suisse; Election of Carolyn Widener at the California Teachers'...

  • Credit Suisse Group Profits Tumble 23%, No Upturn Forecast . Schmelkin, Alissa // American Banker;8/30/2001, Vol. 166 Issue 168, p3 

    Reports on the drop in Credit Suisse Group's profits for the second quarter of 2001. Costs incurred from Credit Suisse's absorption of Donaldson, Lufkin & Jenrette Inc., which it acquired in November; Impact of the slowdown in investment banking activity on Credit Suisse First Boston; Executive...

  • Credit Suisse to Tighten Its Controls.  // American Banker;6/4/2001, Vol. 166 Issue 106, p24 

    Reports the decision by Credit Suisse Group to tighten internal controls. Details of the investigation of Credit Suisse First Boston securities unit; Statement by chief executive Lukas Meuhlemann.

  • Report: Offer for CSFB Was Entertained.  // American Banker;9/17/2002, Vol. 167 Issue 178, p19 

    Reports on an article from "The Financial Times'" website on information that Credit Suisse Group has sounded out a rival bank interested in buying Credit Suisse First Boston. Discusses that chairman and CEO Lukas Muhlemann has no interest in selling in current market conditions; Further quotes...

  • Credit Suisse Expecting Winterthur, CSFB Losses. RIEKER, MATTHIAS // American Banker;10/3/2002, Vol. 167 Issue 190, p20 

    Reports that Switzerland-based banking company Credit Suisse is expecting losses from its Winterhur insurance unit and Credit Suisse First Boston investment banking unit. Reasons given for losses in the insurance unit; Plans of the firm to improve the condition; Nomination of co-chief...

  • Credit Suisse Posts Record Loss for Q3.  // American Banker;11/15/2002, Vol. 167 Issue 220, p20 

    Reports on the loss in earning by Credit Suisse as of November 15, 2002. Expectations for next year; Plans to cut costs at its Credit Suisse First Boston Corp. securities unit; Comments on the performance by John Mach, who is set to become the co-chief executive officer at yearend.

  • John the Apostle. Sellers, Patricia // Fortune;8/13/2001, Vol. 144 Issue 3, p30 

    Focuses on the business goals of Credit Suisse First Boston chief executive officer and Credit Suisse Group vice chairman John Mack. How Mack moved from his previous position at Morgan Stanley; Actions he has taken to reform the investment firms; Possibility that Mack may recruit employees away...

  • John Mack's turnaround legacy at CSFB.  // Crain's New York Business;6/28/2004, Vol. 20 Issue 26, p3 

    John Mack, chief executive of Credit Suisse First Boston Corp. and co-CEO of parent Credit Suisse Group AG, will exit the firm next month after three years. Mack helped restore CSFB to profitability after a dismal 2002, and settled regulators' charges concerning how the firm allocated shares in...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics