Traders Can Utilize VWAP, TWAP, Inline, Reserve, Float, Guerrilla, Sniper, and Pathfinder Algos to Improve Execution and Preserve Anonymity
Hong Kong – 6 October 2008 (BUSINESS WIRE) – Tora (www.stage.toratrading.tw), the leading electronic trading platform and liquidity provider for Asia, announced today the availability of direct access via TORA Compass to the Credit Suisse Advanced Execution Services® (AES) suite of algorithms for trading index futures in Asia, Europe, and North America across 15 markets.
“Traders in Asian markets are increasingly turning to electronic trading platforms that can give them pricing and execution advantages that ultimately translate into superior returns,” said Brook Teeter, head of Credit Suisse AES Sales for Asia Pacific. “We are pleased that our clients now have electronic access to our AES Futures platform from TORA Compass.”
With the addition of these Credit Suisse AES Futures algorithms to TORA Compass, traders have a high performance option for trading futures on the JGB10, TOPIX, NK225, MSCITW, SIMEX, MSCISG, HSI, HSCEI, SPI200, FTSE, GDAXI, IBEX, FCHI, and AEX.
“Algorithmic trading flow is growing significantly across markets in Asia and indeed around the world,” commented Robert Dykes, CEO of Tora. “Building on our already successful partnership with Credit Suisse, we are delighted to offer the AES algos to Tora clients.”
About Credit Suisse
As one of the world’s leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 26 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services.
AES® is Credit Suisse’s award-winning suite of algorithmic trading strategies, tools, and analytics for global equity trading. AES helps more than a thousand institutions and hedge funds reduce market impact, improve performance versus benchmarks, and add consistency to their trading processes. AES created a new category on Wall Street with its successful launch in 2001, and innovation remains its greatest strength. The AES team is dedicated to a philosophy of constant improvement and constant innovation. AES’ algorithms are never finished – the product is always evolving as the marketplace evolves and as our research teams discover more effective trading techniques. Perhaps that’s why AES has been recognized over and over as the leader in algorithmic trading.
Tora (www.stage.toratrading.tw) is the recognized leader in electronic trading systems and access to liquidity for Asia. The TORA Trading Platform is the most comprehensive multi-broker electronic trading platform focused on Asia with 75 Asian brokers, 24 markets, 14 countries, and over 150 algorithmic trading strategies to trade equities, stock futures and options, index futures and options, warrants, convertible bonds, swaps and other synthetics, all on one platform. Tora’s independent algos and off-exchange liquidity products are now being used by buy-side firms to implement complex trading strategies, achieving fast execution and best price. Over US $25 Billion in transactions are processed each month through the TORA Trading Platform, including over 25% of all electronic trading on the Tokyo Stock Exchange. The TORA Trading Platform is provided in an application service provider (ASP) model, and requires no IT infrastructure or staff at the customer site. Tora has over 100 employees dedicated to Asia, with primary, state of the art data centers in Tokyo and Hong Kong, providing 99.99% up time, low latency and high reliability across multiple markets. The TORA Trading Platform integrates with a full complement of third-party and proprietary order management, portfolio management, risk, accounting and other back-office and compliance systems. Tora Trading Services has offices in Tokyo, Hong Kong, Singapore, San Francisco, and New York. For more information, please visit www.stage.toratrading.tw.
Tora Trading Services, TORA Compass, TORA Clearpool, TORA Alpha and the Tora logo are trademarks or registered trademarks of Tora Trading Services in the United States and other countries. All other trademarks are the property of their respective owners.
Copyright © 2015. TORA Trading Services. All rights reserved.