Credit Suisse’s Advanced Execution Services (AES) unit has launched an algorithmic trading for Indonesian equities. A range of AES algorithmic trading strategies enable Credit Suisse clients to trade Indonesian equities. The AES suite of algorithms offers a range of strategies in Asia Pacific with 12 headline strategies and over 100 custom strategies currently available in the region.
These include traditional algorithms that seek to divide trading volumes up over time, trade at the volume weighted average price of a stock, minimize implementation shortfall or the difference between the price at which a client decides to trade and the actual execution cost and trade a certain percentage of a stock’s daily volume.
Credit Suisse clients can now use algorithms to trade equities listed in Australia, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan and Thailand.
Hani Shalabi, head of sales for Asia at AES, said: “This offering gives Credit Suisse clients trading in Indonesia an edge. The technology is tuned specifically for Indonesia’s market structure to maximize liquidity and minimize the impact of clients’ trades. It’s another step forward in our ongoing drive to deliver best execution to clients wherever they are trading.”
