CSFB Under Siege: The Algorithm King Defends its turf
Traders Magazine, August 2005
(Traders Magazine, August 2005) -- Last month's announcement by Lehman Brothers that it had struck a deal to integrate a pre-trade analytics package into one of the leading buyside order management systems was not the best of news for Credit Suisse First Boston. The unit of the large Swiss bank-which single-handedly developed the mass market for algorithmic trading and whose name is synonymous with algorithms-is at least a few months behind its bulge-bracket competitor at the pre-trade front The lag underscores the dilemma in which CSFB finds itself.
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.