Credit Suisse’s decision to exit the market by the end of the first quarter is said to be part of the company’s review of its investment banking business, Reuters reported.
According to the company, the decision will not have an impact on its remaining retail execution services operations.
Following the exit, Credit Suisse plans to redeploy the five employees working with its retail market-making division.
The company, which also runs the US non-exchange stock-trading platform Crossfinder, told the news agency: "Credit Suisse is constantly assessing how to best create efficiencies for our franchise and our clients."
Credit Suisse Group operates the Credit Suisse Bank and other financial services investments.
The company is organized as a stock corporation with four divisions including investment banking, private banking, asset management, and a shared services group that provides marketing and support to the other three divisions.
Image: Credit Suisse headquarters at Paradeplatz in Zürich, Switzerland. Photo: courtesy of Thomas Wolf
