Credit Suisse’s CrossFinder ATS has achieved record volume, with 112 million shares matched on February 7, 2008.
The volume has been consistently high in 2008, with average volumes in the past two weeks of 85 million, representing a tripling of volumes from six months ago. This unprecedented volume accompanies record setting volume in AES, Credit Suisse’s award-winning algorithmic trading platform.
“We are thrilled that CrossFinder is now consistently one of the top three dark pools in the US. At these volumes, CrossFinder has become a fantastic tool to help our clients achieve high fill rates without displaying bids or offers,” says Dan Mathisson, managing director and head of AES.
CrossFinder technology has been overhauled over the previous six months to enhance speed, capacity, and reliability.
“This unprecedented growth in CrossFinder demonstrates that clients are embracing our advances in technology. We are continuously striving to make CrossFinder faster and better able to process more liquidity for AES clients,” adds Dmitri Galiametdinov, director and head of AES Liquidity Strategy.