Commentary

Brett Cenkus
Traders Magazine Online News

President Trump Won't Kill America, Bitcoin Will

In this blog, the author examines how the global cryptocurrency adds one more piece of the pie to a radical shift in the structure of worldwide governance.

Traders Poll

Would the creation of a single central regulator in Canada affect your inter-listed trading strategies?




Free Site Registration

March 1, 2014

Credit Suisse Joins REDI Platform

By John D'Antona Jr.

REDI Global Technologies LLC, provider of the REDIPlus execution management system, announced today that Credit Suisse's Advanced Execution Services (AES), has joined REDI's broker-neutral platform.

"Credit Suisse's AES brings tremendous global reach and cross-asset capabilities to our platform," said Rishi Nangalia, chief executive of REDI Global Technologies. "REDI continues to leverage the strength of our partners in order to deliver innovative solutions across the trade lifecycle and bring added value to our customers."

Last year Nangalia said that the buyside was clamoring for so-called "broker-neutral" execution management systems, setting up the firm's separation from its one-time parent, Goldman Sachs.

"We listened to market trends and clients' demands for an independent, multi-asset EMS solution, but also to preserve the strategic relationship with the sellside," Nangalia told Traders at the time.

He added that the buyside said it wanted a single experience across all brokers, and this was something REDI couldn't offer while at Goldman.

The buyside, Nangalia said, said it did not want eight different systems to trade with - just one or two. And this is where independent vendors like REDI are making inroads versus the brokers' own systems.

With access to 97 percent of the world's equities and derivatives electronic exchanges, the REDIPlus EMS provides a single platform for order routing of equities, futures and options.

 

(c) 2014 Traders Magazine and SourceMedia, Inc. All Rights Reserved.
http://www.tradersmagazine.com http://www.sourcemedia.com/