NEW YORK, March 9, 2011 /PRNewswire/ -- Tethys Technology, the industry leader in broker neutral algorithmic trading solutions, announced today that it has integrated its Execta™ multi-asset class algorithmic execution management platform with Credit Suisse's MAGic Direct Market Access Service.
MAGic is a recent offering from Credit Suisse targeted at latency sensitive US Equity trading clients.
"MAGic is a comprehensive risk management and pre-trade risk controls offering. MAGic integrates a low latency Direct Market Access product with portfolio level risk systems, providing access to the markets in compliance with SEC Rule 15c3-5 on sponsored access. Tethys clients will use Credit Suisse MAGic product to gain high speed access to US exchanges," says Dmitri Galinov, Director at Credit Suisse.
"Credit Suisse's MAGic platform will enhance the quality of execution for our mutual latency sensitive clients by providing both lower latency for order messages, and offering access to exchange native order types," says Mary Cogger, Director of Sales, at Tethys.
About Tethys Technology, Inc.
Tethys Technology, Inc. is an industry leader in financial software development, algorithmic trading and market-microstructure research. Since 2001, Tethys has focused on developing analytics and toolsets that allow our clients to achieve optimal trade-execution. Tethys clients include asset managers, hedge funds, CTAs and broker-dealers who utilize our products to improve their trade execution, conduct real-time benchmarking and historical simulations. Our products allow users to execute diverse investment strategies, manage risk and conduct TCA across asset-classes and geographic locations using a single robust platform. Tethys delivers a unique combination of expertise in quantitative finance, market microstructure and computing.
About Credit Suisse
Credit Suisse AG
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 offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. Further information about Credit Suisse can be found at www.credit-suisse.com.
SOURCE Tethys Technology, Inc.