Credit Suisse is now able to offer investors in Australian-listed equities Direct Market Access (DMA) speeds of under one millisecond. Using Credit Suisse's Advanced Execution Services (AES) Velocity platform, the new service reflects the Bank's focus on electronic trading as part of its client-focused, capital efficient strategy.
Investors in Australian equities can now benefit from similar execution speeds to those offered to Credit Suisse clients trading in Tokyo, Hong Kong and Singapore, where Credit Suisse has launched AES Velocity earlier this year. One-way latency times as low as 300 microseconds have already been recorded for Australian Securities Exchange (ASX)-listed stocks, says Credit Suisse, a leading algorithmic trading provider globally and in Asia Pacific.
AES Velocity has provided Credit Suisse's clients with ultra-low latency DMA in Japan since January 2010, Hong Kong since June 2010 and Singapore since July 2010. Clients with trading engines situated within Credit Suisse's "racks" to trade stocks listed on the Tokyo Stock Exchange, Hong Kong Stock Exchange and Singapore Stock Exchange via AES Velocity are able to achieve one-way latency figures of 200, 600 and 265 microseconds respectively.
AES Velocity can result in better execution performance for clients by enabling Credit Suisse's algorithmic trading strategies to react faster to market conditions. Accessing ultra-low latency DMA can also help speed-sensitive clients achieve significant improvements in their trading performance.
"Australia is another landmark in our efforts to bring ultra-low latency trading to every major market in Asia Pacific," said Hani Shalabi, Head of AES for Asia Pacific at Credit Suisse. "Speed matters to our clients trading in Australia and Asia Pacific more than ever before. In response to that priority, Credit Suisse has delivered sub-millisecond trading speeds in four major Asia Pacific markets in 2010. We have built the leading global electronic trading business by listening to our clients' needs and meeting them, and we will maintain that leadership in the same way."
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