Bank of America Merrill Lynch offers a comprehensive suite of electronic trading strategies and market access. These strategies interact with a diverse pool of institutional and private client liquidity. Multiple products are supported including equities, futures and options. The offering is international in reach with global support. A full suite of liquidity seeking, benchmark oriented and schedule driven algos are offered for electronic equities execution. Specific algos offered are: Ambush®, Instinct®, OPLX, VWAP, TWAP (Clock),Percent of Volume (POV),SMART DMA (WALK), Implementation Shortfall (OPL, QIS),Crossing Aggregator (Blockseeker), Scaling (Momentum, Reversion), Quantitative Market on Close (QMOC).
Barclays Capital is the investment banking division of Barclays Bank PLC, providing large corporate, government and institutional clients with a comprehensive set of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs 20,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.
BARX is Barclays Capital’s award winning electronic services platform and leading global provider of electronic transaction solutions, offering electronic execution and a complete set of services across foreign exchange, fixed income, futures, commodities, equities, money markets, emerging markets and structured products. BARX also provides sophisticated algorithmic trading solutions, FIX and DMA connectivity, STP and other leading Barclays Capital services like Prime Brokerage, Research and Analytics. For more information about BARX, please visit www.barx.com. BARX The Trader’s Best Friend.
BIDS Trading, L.P. is a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), which was designed to bring counterparties together to anonymously trade large blocks of shares. Developed by a consortium of leading financial services firms, the BIDS ATS resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions.
BIDS Trading is a joint venture of: Bank of America Merrill Lynch (NYSE: BAC), Citi (NYSE: C), Credit Suisse Group (NYSE: CS), Deutsche Bank (NYSE: DB), The Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM), Knight Capital Group, Inc. (NASDAQ: NITE), Lehman Brothers (NYSE: LEH), Merrill Lynch (NYSE: MER), Morgan Stanley (NYSE: MS), NYSE Euronext (NYX), and UBS (NYSE: UBS)
BlockCross is an independent (large block) dark pool designed to deliver significant liquidity opportunities while buyside traders remain in an uncommitted posture. Leveraging blotter integration with an open platform, BlockCross strives to provide the broadest spectrum of block liquidity possible. The system includes a unique confirmation process that provides a level playing field for all types of traders looking to maximize print sizes and minimize information leakage. BlockCross has been live for over a year and already represents over 2 billion shares of available block opportunities >5k a day.
BlockCross is also referred to as the “Enlightened Dark Pool” because it combines both displayed and non-displayed functionality. Institutional traders now have the ability post actionable indications as an ATS (BLKX). This new concept allows all traders to leverage the industry standard IOI networks and say “Meet me in BlockCross”
Credit Suisse is a leading global investment bank serving institutional, corporate, government and individual clients. Credit Suisse’s businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital, correspondent brokerage services and asset management. Credit Suisse’s operates in 69 locations in 34 countries across five continents. The Firm is a business unit of the Zurich-based Credit Suisse Group, a leading global financial services company.
Advanced Execution Services: Credit Suisse’s Advanced Execution Services (AES) is a suite of automated, algorithmic trading strategies based on thorough execution research and continuous live experimentation, performed by a team of Credit Suisse quantitative analysts and traders. Over 400Credit Suisse customers leverage these strategies to reduce market impact and improve trading performance vs. benchmarks in North American, European, and Asian markets, allowing traders to focus on the big picture. AES integrates seamlessly within traders’ electronic workflow; no “box” to install, no software to install, no additional front end, just improved trading performance.
For more information call 212 335 5300 or visit www.credit-suisse.com
Fox River Execution’s suite of execution products was developed to address the unique needs of the institutional trader. Its legacy system, Fox Trader, blends the human logic of a professional trader with the precise mathematical formulas imbedded in Fox River’s proprietary models. For exchange traded funds, Fox Spotlight is a new trading platform that provides a comprehensive system for competitive, real-time price and size discovery in the ETF market. Fox River was ranked #1 execution broker in 2007 and 2008 by Institutional Investor (conducted by independent research firm Elkins/McSherry). Headquartered in suburban Chicago with offices in New York and San Francisco, Fox River Execution is a FINRA registered broker/dealer and a member of the SIPC. For more information, visit www.foxriver.com.
Instinet is an electronic trading pioneer, having established the world’s first significant electronic trading venue in 1969, one of the first recognized U.S. ECNs in 1997 and the first pan-European MTF in 2007. Through its subsidiaries and affiliates, Instinet operates two distinct business lines: a global network of agency-only brokers that seek to help institutions lower overall trading costs and improve investment performance through the use of innovative electronic trading products, including smart-routing, algorithms, DMA, dark pools and EMS platforms, and also provide sales trading, commission management services and independent research; and the Chi-X® trading systems, which aim to improve the efficiency of capital markets globally by providing high-performance, low-cost alternative execution venues. Instinet is a wholly-owned subsidiary of Nomura Holdings, Inc. For more information, please visit www.instinet.com.
Investment Technology Group, Inc., is a specialized agency brokerage and financial technology firm that partners with asset managers globally to provide innovative solutions spanning the investment continuum. A leader in electronic trading since launching POSIT in 1987, ITG’s integrated approach now includes a range of products from portfolio management and pre-trade analysis to trade execution and post-trade evaluation. Asset managers rely on ITG’s independence, experience, and agility to help mitigate risk, improve performance and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe and the Asia Pacific region. For more information on ITG, please visit www.itg.com.
Nomura Group is a leading financial services firm with worldwide reach. Founded in 1925, Nomura employs more than 26,000 people globally with regional headquarters in New York, London and Hong Kong and global headquarters in Tokyo. The firm offers financial and advisory solutions, with more than 150 branch offices in Japan and an international network active in more than 30 countries. Its business activities include brokerage, underwriting, investment banking, merchant banking and asset management, as well as investment consultation and brokerage services for retail investors in Japan. Nomura’s equity division in the Americas provides clients with access to global equity markets through offerings in Research, Prime Services, Derivatives and Execution Services.
Nomura’s global equity offering is client focused and includes program and electronic trading platforms that provide clients with access to venues in over 35 countries. Expert sales and service teams and a strong focus on technology drive execution quality. Platforms are supported by ModelEx, Nomura’s suite of market-leading algorithmic trading strategies, TradeSpex, Nomura’s portfolio and trading analytics applications, and NX, Nomura’s dark crossing platform. Nomura also provides consultative services and integration assistance.
Thomas Weisel Partners Group, Inc. is an investment bank, founded in 1998, focused principally on the growth sectors of the economy. Thomas Weisel Partners Group, Inc. generates revenues from three principal sources: investment banking, brokerage and asset management. The investment banking group is comprised of two disciplines: corporate finance and strategic advisory. The brokerage group provides equity and convertible debt securities sales and trading services to institutional investors, and offers brokerage, advisory and cash management services to high-net-worth individuals and corporate clients. The asset management group consists of: private equity, public equity and distribution management. Thomas Weisel Partners is headquartered in San Francisco with additional offices in Baltimore, Boston, Calgary, Chicago, Denver, New York, Portland, Toronto, London and Zurich. For more information, please visit www.tweisel.com.
