Tethys Technology, the industry leader in broker neutral algorithmic trading solutions, announced today 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.