|By Business Wire||
|January 13, 2014 07:02 AM EST||
REDI Global Technologies LLC (REDI), the independent technology provider of the REDIPlus® Execution Management System (EMS), announced today that Credit Suisse’s Advanced Execution Services (AES), a pioneer and leader in the algorithmic trading space, 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, CEO 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.”
With access to 97 percent of the world’s equities and derivatives electronic exchanges through registered broker-dealers, the REDIPlus EMS provides a single platform for seamless order routing of equities, futures and options across the Americas, Europe and Asia.
“REDI offers Credit Suisse a new way to serve investors,” said Pankil Patel, co-head of Credit Suisse’s AES U.S. “It’s a new way to offer the wide variety of algorithmic tactics that allow our clients to reduce their market impact, improve their performance versus benchmarks and focus on the bigger picture.”
Credit Suisse’s AES provides algorithms in more than 40 countries on six continents. AES algorithms are never finished – the product continually develops as Credit Suisse researchers worldwide discover more effective trading techniques.
REDI Holdings LLC (“REDI”) operates the REDIPlus® Execution Management System, a leading global technology platform offered across the Americas, EMEA and Asia-Pacific through its wholly owned subsidiary REDI Global Technologies LLC, a registered U.S. broker-dealer and member of FINRA and its global affiliates. REDIPlus supports a wide breadth of asset classes, markets and trading strategies offered through its broker network, providing clients with access to a range of financial technology solutions. To learn more, visit www.redi.com.
About Credit Suisse
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,400 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.