Credit Suisse has announced the launch in Asia Pacific of AES Guerrilla 2012, a trading strategy that aims to assist investors in sourcing liquidity amid challenging market conditions.
Credit Suisse’s Advanced Execution Services (AES) team has developed Guerrilla 2012 for clients trading in Asia Pacific equity markets, whether they are calm or volatile, liquid or illiquid.
When in use, a trader needs to modify the algorithm’s execution style parameter (which determines its level of aggression) to adjust the extent to which Guerrilla seeks liquidity from AES Crossfinder as well as traditional “lit” markets.
According to the bank, Crossfinder is widely regarded as one of Asia Pacific’s biggest dark pools and using real time market activity to intelligently adjust trading behaviour, Guerrilla 2012 takes full advantage of extreme, unexpected, price moves that work in the client’s favour.
At the same time, Credit Suisse’s proprietary risk management platform, Advanced Order Protection, guards against movements that work against the client.
Advanced Order Protection incorporates all the procedures, techniques, and technology that Credit Suisse makes available to help protect its clients’ trades, such as counterparty controls, order level impact check, and market anomaly detection.
“Guerrilla has long been one of the most popular trading strategies in the US and Europe, and now Guerrilla 2012 brings our algorithmic offering to clients in Asia,” comments Hani Shalabi, Head of AES for Asia Pacific, Credit Suisse.