IEX technology can now be used by traders using CLSAA for their executions – whether a trade is executed via either low- or high-touch.
CLSAA, the North American subsidiary of Asia’s CLSA Group, has integrated IEX as one of its trading destinations as well as offering its traders smart order routing across its electronic execution algorithms. Now, CLSA clients have the option to use the IEX SOR for accessing displayed liquidity across all lit markets as well as the IEX pool when trading via the electronic, high touch or program trading desks.
These enhancements provide CLSAA’s clients with more opportunities to source block liquidity, dsourcve it more often and get price improvement within IEX, while also ensuring superior capture rates in the lit market.
CLSAA was already connected to IEX, but did not use its SOR. According to CLSAA, IEX’s combination of excellent capture rates for displayed liquidity, coupled with high match rates within IEX itself, provides superior execution quality for CLSAA’s execution clients.
CLSAA is a full service agency-broker.
