CLSA Americas enhances high touch and electronic capabilities with IEX
NEW YORK, NY – February 9, 2015 – CLSA Americas (CLSAA), the North American affiliate of Asia's leading independent brokerage and investment group CLSA, announced today that it has integrated the IEX Alternative Trading System (ATS) and Smart Order Router (SOR) across its Electronic Execution algorithms.
This gives clients the option to use the IEX SOR for accessing displayed liquidity across all lit markets as well as the IEX pool when trading via the electronic, high touch or program trading desks. Since adopting the IEX SOR, CLSAA has been a Top 3 user of their Smart Order Router.
These enhancements provide CLSAA’s clients with more opportunities to trade in larger size and with price improvement within IEX, while also ensuring superior capture rates in the lit market. This partnership demonstrates the ongoing commitment and investment by CLSAA to provide clients with a broad suite of innovative, customizable execution services for clients executing via high touch, program trading and low touch. CLSAA is recognized as a valued contributor to the IEX market and was connected and routing orders to the venue on Day 1 of its operation.
Ruth Finkenstadt, Director and Head of CLSAA’s Electronic Trading commented, “The IEX team has an extensive background in developing sophisticated routing technology. CLSAA has chosen to offer clients the choice to use the IEX router because it offers fully transparent, best of breed smart order routing. The combination of market-leading capture rates for displayed liquidity, coupled with high match rates within IEX itself, provides superior execution quality for CLSAA’s execution clients.”
Rick Gould, CEO of CLSAA added, “As a full service agency broker, we seek to provide clients with a choice of tailored execution options. IEX fits well within our model of transparency and unconflicted routing, and we are very pleased to announce the integration of IEX into our growing trading platform.”
Brad Katsuyama, IEX CEO and Co-Founder said, “CLSA Americas’ early and ongoing support of IEX has been valuable in delivering more choice for the end investor. Their integration across their entire execution suite has proven to benefit both CLSAA trading desks and their clients.”
About CLSA Americas, LLC
CLSA Americas is the North American affiliate of CLSA, Asia’s leading and longest-running independent brokerage and investment group. CLSA provides equity broking and execution services, capital markets and corporate finance, as well as asset management services to global corporate and institutional clients. CLSA established a US representative office in New York in 1986 to serve US fund managers investing into Asia and has the largest dedicated Asia-markets sales desk in North America. In 2009, CLSA initiated coverage on US equities and today has a research team of more than 50 analysts, 36 sales and 25 sales traders. A staff of more than 160 is headquartered in New York with additional offices in Boston, Chicago and San Francisco. Headquartered in Hong Kong, CLSA has over 1,400 dedicated professionals located in 21 locations across Asia-Pacific, as well as Europe and the USA. CLSA’s parent company is CITIC Securities, one of Asia’s leading brokerages and investment banks.
About IEXDedicated to institutionalizing fairness in the markets, IEX will provide a more balanced marketplace via simplified market structure design and cutting-edge technology. IEX is the first equity trading venue seeded exclusively by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices. IEX offers a fair-access platform to any qualified broker dealer, and is driven by a team of cross-industry experts with backgrounds spanning market venues, electronic trading, and broker-dealers.NEW YORK, NY – February 9, 2015 – CLSA Americas (CLSAA), the North American affiliate of Asia's leading independent brokerage and investment group CLSA, announced today that it has integrated the IEX Alternative Trading System (ATS) and Smart Order Router (SOR) across its Electronic Execution algorithms.