Tethys integrates Execta EMS with Credit Suisse MAGic DMA
First Published 10th March 2011
Tethys Technology integrates Execta Execution Management System with Credit Suisse's MAGic Direct Market Access Service
Dmitri Galinov, Director, Credit Suisse
"Tethys clients will use Credit Suisse MAGic product to gain high speed access to US exchanges."
Tethys Technology, Inc. the provider of broker neutral algorithmic trading solutions, has announced that it has integrated its ExectaTM multi-asset class algorithmic execution management platform with Credit Suisse's MAGic Direct Market Access Service.
MAGic is a recent offering from Credit Suisse targeted at latency sensitive US Equity trading clients.
"MAGic is a comprehensive risk management and pre-trade risk
controls offering. MAGic integrates a low latency Direct Market
Access product with portfolio level risk systems, providing
access to the markets in compliance with SEC Rule 15c3-5 on
sponsored access. Tethys clients will use Credit Suisse MAGic
product to gain high speed access to US exchanges," says Dmitri
Galinov, Director at Credit Suisse.
"Credit Suisse's Magic platform will enhance the quality of execution for our mutual latency sensitive clients by providing both lower latency for order messages, and offering access to exchange native order types," says Mary Cogger, Director of Sales, at Tethys.