NEW YORK (HedgeWorld.com)–Credit Suisse First Boston signed two agreements that aim to offer improved trading capabilities for investors, including hedge funds.
CSFB’s Prime Services group entered a strategic alliance with Imagine Software Inc. that will allow Imagine’s risk management and trading services system to be offered to CSFB prime brokerage clients.
And FutureTrade Securities LLC, an equity and options electronic broker, added CSFB’s Advanced Execution Services analytics to its capabilities.
Imagine’s system, offered as an application service provider, includes risk analytics and reporting and will be used to manage CSFB’s Prime Services’ internal risk exposure, according to a statement from CSFB. CSFB executives were impressed with Imagine’s real-time intraday risk platform and product coverage, according to the statement.
Meanwhile, FutureTrade’s alliance with CSFB will allow FutureTrade clients to choose the CSFB Advanced Execution Services as an execution point, while CSFB buy-side clients will be able to directly route to the services through FutureTrade.
CSFB’s Advanced Execution Services uses computer programs to improve trade execution through reduced market impact and better consistency. The system uses historical and real-time data to evaluate trading conditions and use that information for trade execution.
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