CLSA Americas (CLSAA), a North American affiliate of Asia’s independent brokerage and investment group CLSA, has consolidated IEX’s Alternative Trading System (ATS) and Smart Order Router (SOR) into its electronic execution suite.
In December, IEX partnered with Kx Systems’ database and time-series analytics utilities, utilizing Kx’s kdb+ software for its data platform, effectively fortifying its influence across multiple firms in the industry.
The newest integration by IEX allows for a more streamlined liquidity display apparatus on CLSAA’s platform, as well as IEX’s pools for electronic trading. Overall, the added features are aimed at augmenting the opportunities of CLSAA’s clientele, namely those who trade in large-sized investment denominations.
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According to Ruth Finkenstadt, Director and Head of CLSAA’s Electronic Trading, in a recent statement on the integration, “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.”
“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,” added Rick Gould, CEO of CLSAA, in an accompanying statement.
“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,” noted Brad Katsuyama, IEX CEO and Co-Founder.