Free Site Registration

CSFB's New Buyside Program

Traders Magazine, August 2004

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."

Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.tradersmagazine.com

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?

Advertisement

Advertisement