TITLE

Admitting Credit Suisse Algos, Aqua Opens Liquidity

AUTHOR(S)
HINTZE, JOHN
PUB. DATE
September 2008
SOURCE
Securities Industry News;9/15/2008, Vol. 20 Issue 32, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
34563148

 

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