âIn Asiaâs fragmented marketplace, increasing trade efficiency while minimizing market impact requires localized information and customizable trading tools,â said Cameron Field, Managing Director, Asia-Pacific, Charles River Development. âMacquarieâs algorithms are developed solely in Asia for Asia. This interface will allow Charles River IMS clients to achieve better-than-market pricing and improve trading performance while maintaining complete control of the execution process.â
âOur participation in the Charles River Network demonstrates Macquarieâs continued commitment to aligning client interest with fast, dependable and secure execution,â said Marcus Consolini, Head of Sales, Electronic Execution for Macquarie.
Macquarie, which offers more than 10 strategies across 7 markets in the Asia Pacific region, joins over 35 algorithmic brokers offering over 300 algorithmic strategies on the Charles River Network. Launched in 2005, the Charles River Network supports electronic trading via FIX for all asset classes, including equities, futures, options and foreign exchange. The Charles River Network has more than 2,000 live broker-client connections, and over 100 new connections are added each month. More than 90% of new Charles River clients use the Charles River Network for electronic trading.