Don Ross
Traders Magazine Online News

Spotify Puts Wall Street’s Old Ways on the Spot

In an exclusive to Traders Magazine, Don Ross, CEO of PDQ/CODA Markets, shares his thoughts on the upcoming Spotify IPO.

Traders Poll

Do you think the recently approved SEC access fee pilot will demonstrate rebates negatively affect routing decisions and best ex?

Free Site Registration

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."