Commenting on the launch, Credit Suisse Asia Pacific AES head Hani Shalabi said Guerrilla has been one of the popular trading strategies in the US and Europe, and Guerrilla 2012 brought its algorithmic offering to clients in Asia.
"This is one algorithm which is flexible and intuitive enough to adapt real time to current market conditions," Shalabi added.
For the effective use of the strategy, a trader needs to modify the algorithm’s execution style parameter, which decides its level of aggression, to adjust the extent to which Guerrilla seeks liquidity from AES Crossfinder as well as traditional ‘lit’ markets, says the bank.
Guerrilla 2012 takes full advantage of extreme, unexpected, price moves that work in the client’s favor while using Credit Suisse’s proprietary risk management platform, Advanced Order Protection, to constantly guard against movements that work against them.
Advanced Order Protection integrates all the procedures, techniques, and technology that Credit Suisse makes available to help protect its clients’ trades, such as counterparty controls, order level impact check, and market anomaly detection.
Currently, the Bank connects its clients to over 20 alternative venues in Asia through its AES and AES Pathfinder in Japan in 2009.
