REDI adds CLSA Americas to multi-broker network03.31.2015
NEW YORK — March 31, 2015 — REDI Global Technologies today announced the addition of CLSA Americas’ (“CLSA”) execution platform to the REDI multi-broker network.
REDI provides CLSA’s clients with a new option for accessing its advanced suite of execution algorithms, all of which are tailored to the nuances of the US market structure. Supported by a dedicated team of electronic trading specialists, CLSA offers clients a choice of ten fully customizable liquidity seeking, benchmark and participation-based algorithms to suit nearly any trading style, as well as a variety of choices for routing orders to the IEX Alternative Trading System (ATS). In February, CLSA also announced that it had integrated IEX’s Smart Order Souter (SOR), and now offers clients the option to use the IEX SOR when trading via the electronic, high touch or program trading desks.
“CLSA is a premier independent brokerage and investment group in Asia, and we are thrilled to be working with their US affiliate, CLSA Americas,” said Sean Sullivan, Chief Revenue Officer at REDI. “Virtually any buy-side firm that trades Asia will have them on their broker list, so we’re delighted to add such a vital provider to our network.”
Ruth Finkenstadt, Head of Americas Electronic Trading, added: “We are excited to partner with REDI in offering best-in-class execution services to our clients trading in the Americas. We’ve been very impressed by REDI’s evolution as an independent, industry-backed firm, as its expanded multi-broker capabilities, as well as recent functional enhancements, make REDI an extremely compelling solution for our execution clients.”
About CLSA Americas, LLC
CLSA Americas, LLC is the North American affiliate of CLSA, Asia’s leading and longest-running independent brokerage and investment group. CLSA provides equity trading 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.
At REDI, we are focused on bringing a new level of efficiency, transparency and openness to the trading process by building a collaborative community of investors, brokers, technology firms and content providers.
Through our modular, end-to-end trade management platform, REDIPlus®, you can execute everything from simple single stock trades to complex strategies across markets and time zones and manage your risk throughout the trade lifecycle. Access our growing network of almost 150 execution brokers to route Equities, Futures or Options orders globally, as well as dozens of integrated prime and clearing brokers through our expanding suite of middle office tools. Collaborate with our broker and vendor partners, who are able to efficiently plug into our platform to reach our community of more than 5,000 active users.
REDI was among the industry’s first providers of trading technology and has pushed the state-of-the-art forward for more than 20 years. Today, with the backing of our investors – Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel, Goldman Sachs and Lightyear Capital – we’re building on our history of innovation to become an open, industry-backed ecosystem for the entire trading community.
Head of Marketing & Communications, REDI
Kent Place Communications for CLSA Americas
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