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Derivix links with Credit Suisse's AEX

Posted: 16 February 2009

Derivix, a software company that provides options pricing, risk visualization and analytics solutions, is now integrated with Credit Suisse’s Advanced Execution Services (AES), the provider of algorithmic trading strategies for global equities and options trading.

As the complexities and competition surrounding options trading continue to increase, Derivix said the joint solution will empower options traders with the combination of sophisticated analytics and advanced execution to stay ahead.

With market volatility fluctuating rapidly, the need for high-performance solutions to capitalize on opportunities becomes even more critical.  Increasingly, traders are using options to effectively manage risk exposures and execute more effective trading strategies.  Options traders without the right tools to act on market dynamics and effectively visualize risk will be left in the dark, Derivix is arguing.

"With advanced algorithms, quick execution and an exceptional trading platform, Credit Suisse AES is leading the options marketplace into electronic trading,” claimed Guy Cirillo, Director at Credit Suisse AES.  "Working with front-end analytics solutions providers such as Derivix gives customers the right combination of tools for a competitive edge in options trading.”

The joint solution should allow customers to leverage Derivix’s pricing and analytics while taking advantage of the advanced options algorithms and execution provided by AES.  With a seamless integration via a Financial Information eXchange (FIX) connection, traders can access AES from within Derivix’s fast and accurate analytics front end, allowing them to visualize and execute trades quickly and efficiently.

"Today’s options algorithms are shaking the market to its core," said Jonathan Weedon, CEO of Derivix.  "Through this timely partnership, Derivix customers will have best-in-class analytics and direct access to Credit Suisse’s options and stock algorithms, allowing them to achieve strategic trading success one step ahead of their competition.”

The Derivix options pricing, analytics and risk visualization solutions give options traders the analytic accuracy, speed and flexibility they need to make more effective trades through the customer’s choice of execution provider.  The company provides solutions that it says are easy and cost-effective to deploy, integrate and maintain – enabling leading options players, both large and small, to more effectively compete in the electronic marketplace.

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