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."
(c) 2011 Traders Magazine and SourceMedia, Inc. All Rights Reserved.
http://www.tradersmagazine.com http://www.sourcemedia.com/
