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Credit Suisse just announced a major shakeup in its electronic trading business to compete with the fastest traders on Wall Street





Tidjane Thiam Credit Suisse

  • Credit Suisse has reorganized execution services within its equities business so the business is run under one umbrella, rather than separately.
  • The move is intended to help the Swiss bank better compete with high frequency trading firms.

Credit Suisse is reorganizing its execution services business to better compete with the likes of Virtu and Citadel Securities.

The Swiss bank named electronic trading veteran Anthony Abenante to a new role heading global execution services within its equities unit, according to an internal memo seen by Business Insider. The position will bring together the high touch, program trading and electronic trading groups under read more >>>

Source:: BusinessInsider.Com

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