Commentary

John Turney
Traders Magazine Online News

Foreign Exchange Infrastructure: Yesterday, Today and Tomorrow

In this exclusive to Traders Magazine, John Turney, Global Head of Outsourced FX at Northern Trust, discusses the evolution of the fx infrastructure and what is to come.

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April 1, 2011

Crossing at Credit Suisse

Credit Suisse will launch an electronic crossing system for large options trades. With the crossing of large blocks at exchanges on the upswing, the broker sees potential. "All the exchanges are jumping in," Eugene Kearns, an executive in Credit Suisse's Advanced Execution Services group, said at the recent meeting of the Chicago chapter of the Security Traders Association.

"We're releasing this matching product to compete with that. So you can actually bring your flow to Credit Suisse to cross."

 

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