Credit Suisse launches AES Velocity in Hong Kong
Credit Suisse announced June 22 that it is now able to offer its clients trading Hong Kong listed equities direct market access speeds of under one millisecond via Advanced Execution Services (AES®) Velocity.
Credit Suisse, a leading algorithmic trading provider in Asia Pacific, says AES® Velocity is achieving latency figures of 600 microseconds in Hong Kong. By comparison, the typical human reaction speed is around 150 milliseconds, or 250 times slower.
AES® Velocity has been available in Japan since January 2010 and provides Credit Suisse’s clients with the highest speeds in the market, according to the Bank. Clients who place their trading engines within Credit Suisse’s “racks” to trade stocks listed on the Tokyo Stock Exchange via AES® Velocity are able to achieve one-way latency figures of 200 microseconds. By offering ultra-low latency access, AES® Velocity can help speed-sensitive clients generate alpha.
Additionally, algorithmic trading heavily relies on real-time data. As such, AES® Velocity can result in better performance by enabling Credit Suisse’s strategies to react faster to market conditions. AES® Velocity is expected to be available in Australia and Singapore soon.
Hani Shalabi, Head of AES for Asia Pacific at Credit Suisse, said: “AES® Velocity and Pathfinder (smart order routing) are testaments to Credit Suisse’s position at the frontiers of execution technology in Asia Pacific. Helping clients take pole position when it comes to performance, liquidity aggregation and best execution is at the core of Credit Suisse’s ambition to build the leading client-focused franchise in the region.”