Credit Suisse and thinkorswim Form Joint Relationship
July 11 2007 - 7:00AM
PR Newswire (US)
Combined synergies yield robust capabilities allowing the buy side
and brokers access to front-end platform for algorithmic trading of
options CHICAGO and NEW YORK, July 11 /PRNewswire-FirstCall/ --
thinkorswim, a financial technology pioneer and industry-leading
online brokerage firm [Nasdaq: SWIM], today announced that its
institutional arm, thinkpipes, has entered into a joint
relationship with Credit Suisse's Advanced Execution Services
(AES). The relationship allows buy side firms and sell side dealers
access to algorithmic options trading products that are integrated
on thinkpipes's robust front-end platform. This partnership will
allow Credit Suisse's clients to implement proprietary trading
algorithms on the same execution and risk management platform that
also provides fully integrated trade and order management
facilitation. This combination of option driven technologies
delivered to a trader's desktop is unique because thinkpipes offers
routing and clearing neutrality to give the professional trade desk
the ultimate flexibility. thinkpipes platform's ability to offer
options, futures and equities also compliments Credit Suisse AES's
ability to offer multi-asset classes to some of the largest buy
side firms. "We have always embraced innovative technology, product
development and market expertise. thinkpipes has all of these
critical components coupled with a high-touch towards client
service," said Brent Kochuba, Head of AES Options Sales, Credit
Suisse. "We look forward to leveraging thinkpipes technology and
market expertise to our buy side clients." "Credit Suisse willingly
looks to address a customer's need for trading efficiency across
asset classes, order management, reporting and execution by tapping
into cutting-edge technology." said Tom Sosnoff, President of
thinkorswim. "We are excited to be able to bring the best
technology and know- how for options trading to this partnership."
About thinkorswim Group, Inc. thinkorswim Inc., the brokerage arm
of Investools Inc. [Nasdaq: SWIM], is a leading online brokerage
and technology provider focused on offering services to
self-directed options traders and active traders. thinkorswim
offers customers a broad range of products including equity
securities, fixed income, index products, options, futures, other
derivatives and foreign exchange. thinkorswim provides unique front
end trading platforms that allow its customers to trade
electronically and provides sophisticated trading tools and
analytics, including tools for implementing complex, multi-leg
options strategies. The products and services offered by Investools
Inc. have received numerous accolades from third parties including
thinkorswim's ranking by Barron's as its top rated software-based
online broker and best for options traders (2006 & 2007), and
Prophet's top Barron's ranking for best technical analysis tools
(2006). For more information about thinkorswim visit
http://www.thinkorswim.com/ or call 1-866-839-1100. About Credit
Suisse's Advanced Execution Services(R) (AES) Advanced Execution
Services(R) is Credit Suisse's award-winning suite of algorithmic
trading strategies, tools, and analytics for global equity trading.
AES helps more than a thousand institutions and hedge funds reduce
market impact, improve performance versus benchmarks, and add
consistency to their trading processes. AES created a new category
on Wall Street with its successful launch in 2001, and innovation
remains its greatest strength. The AES team is dedicated to a
philosophy of constant improvement and constant innovation. AES'
algorithms are never finished -- the product is always evolving as
the marketplace evolves and as our research teams discover more
effective trading techniques. Perhaps that's why AES has been
recognized over and over as the leader in algorithmic trading.
Contacts: For thinkorswim/thinkpipes Fran Del Valle 212.717.5499
For Credit Suisse Tyrene Frederick 212.538.5767 DATASOURCE:
thinkorswim CONTACT: Fran Del Valle of thinkorswimthinkpipes,
+1-212-717-5499, ; Tyrene Frederick of Credit Suisse,
+1-212-538-5767, Web site: http://www.thinkorswim.com/
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