Credit Suisse has expanded its Advanced Execution Services (AES) FX offering to include NDF algos across a range of currency pairs in the APAC and LATAM markets. According to the bank the launch covers the full AES FX suite, enabling clients to benefit from a range of NDF execution algorithms, real-time TCA through its award-winning EDGE FX TCA portal and expert pre-trade execution advice.
The move follows strong client demand and a successful pilot phase, says Evangelos Maniatopoulos, Global Head of AES FX Product & Trading at Credit Suisse. “Access to quality liquidity and execution transparency have always been core to AES FX and have remained central to the development of our NDF product,” he adds. “Our algos combine a broad set of external liquidity venues along with Credit Suisse’s NDF streaming prices. This will provide the buy-side with a diversified pool to help them navigate the liquidity challenges of the NDF market.”
Maniatopoulos explains that it is this diverse liquidity access which not only helps position the AES FX offering in anticipation of market developments, but has also already offered unique insights into NDF algo selection and the broader market microstructure. “Our high execution standards and liquidity access empower our clients with the tools necessary to identify and capture opportunities in this market,” he says.