Commentary

Anne Plested
Traders Magazine Online News

Bottlenecks Ahead

Anne Plested, head of Fidessa's EU Regulation Change programme, has written a short blog arguing that although we should be thankful that ESMA have taken a pragmatic approach to moving things along, more bottlenecks could appear in the future.

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August 31, 2004

CSFB's New Buyside Program

By Staff Reports

One of the biggest algorithmic trading firms on Wall Street is looking at more order flow from hedge funds. Credit Suisse First Boston (CSFB) plans to encourage this potentially lucrative volume with a new deal it signed with an electronic equity and option execution service firm.

This vendor, FutureTrade, has entered a strategic alliance with CSFB. Lake Forest, CA.-based FutureTrade will offer CSFB's Advanced Execution Services platform (AES) to FutureTrade's roster of hedge funds and institutional money managers. An official at FutureTrade said the firm has some 120 customer firms. Most of these are hedge funds. Manny Santayana, director of sales for AES, says CSFB will be able to offer "buyside traders an integrated, user-customizable means of accessing CSFB's global algorithmic trading platform."