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CSFB Under Siege: The Algorithm King Defends its turf

Traders Magazine, August 2005

Peter Chapman

(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.

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