Credit Suisse and Bloomberg Launch New Electronic Trading Methods for US Treasuries
NEW YORK, Oct. 29, 2013 /PRNewswire/ -- Credit Suisse announced today that clients can now gain faster, seamless access to liquidity through its US Treasury algorithmic trading capabilities now available on the Bloomberg Professional service.
The sharp rise in electronic trading of cash US Treasuries demands new solutions for clients to access liquidity. Faster moving markets require the buy side to move from trade idea to execution as rapidly as possible with the greatest control. The integration of Credit Suisse Onyx's liquidity directly into Bloomberg's fixed income staging and trading blotter TSOX delivers these solutions. Clients can access this functionality by typing TSOX<GO> on the Bloomberg Professional service.
As a leading innovator in the electronic trading of fixed income products, Credit Suisse is able to provide advanced execution capabilities directly to the client. Bloomberg's TSOX workflow is used extensively across the industry by thousands of market participants globally. Now clients will be able to trade US Treasuries with the same ease and algorithmic capabilities they have used for years in equities, FX and futures.
"Our most advanced clients are asking for smarter and more automated ways to trade with us and we are delighted to be partnering with Bloomberg to provide this," says Ryan Sheftel, Head of FID eCommerce for Credit Suisse. "With all the structural changes in the Rates market we see this as a continuation of our commitment to innovation in electronic trading with much more to come."
Bloomberg offers subscribers access to Credit Suisse Onyx's expanding stable of fixed income-specific algorithms and streaming liquidity that includes pairs, custom butterflies, basis and more. The move further enhances Credit Suisse Onyx's leading fixed income electronic trading solution, offering clients access to outright trading and algorithmic execution against the immense liquidity provided by Credit Suisse's electronic liquidity pool for rates, Clearwater.
"Through this collaboration with Credit Suisse, Bloomberg provides market participants an integrated solution to access a bank's Treasury bond liquidity pool," said Ben Macdonald, Bloomberg's Global Head of Product. "We are committed to working closely with our customers and industry leaders to increase market transparency and trading efficiencies."
Credit Suisse Onyx is a key element of the bank's innovative source of client focused electronic solutions that span research, analytics and trading.
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 46,300 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.
SOURCE Credit Suisse AG