The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Best for algorithmic equities trading: CSFB

This category was created after a meeting with CSFB’s Advanced Execution Services group left Euromoney stunned. It was immediately apparent that CSFB’s AES team had developed something a cut above its competitors. Unusually, even CSFB’s competitors admit this.


CSFB’s AES offers eight strategies. These are trading engines designed to work orders to meet different execution benchmarks or to follow particular trading styles. Several competitors also offer algorithmic trading designed to meet these benchmarks, such as volume weighted average price (VWAP). However, it is the volume of historical data, the calculations of real-time price correlations, the advanced trade scheduling, and the ability for users to layer their constraints that makes CSFB’s product stand out.


AES looks at 10 levels of depth for 13 months of tick data and checks all stocks against each other every 15 seconds for correlations.

When it breaks up a large order to trade it does so in an intelligent and unpredictable manner so that others in the market cannot work out what it is doing. It sounds obvious, but most of the wave-trading strategies offered by competitors do not do this.


As well as offering clients a number of benchmark strategies, AES also enables them to layer additional constraints such as minimum and maximum percentages of volume, start and end times, price limits, as well as indicating how aggressively they want to trade.




You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree