Dark pools, such as AES Crossfinder enhance trading speed, capacity and reliability for their customers. For the month of May, AES Crossfinder was the largest U.S.-based dark pool in terms of volume.**
âWeâre very pleased to continue to expand our financial services leadership with the addition of Credit Suisse AES Crossfinder,â said Varghese Thomas, Vice President of Financial Services for Savvis. âThe addition of a high-volume customer like AES CrossfinderÂ® further demonstrates the benefits Savvis has seen as a result of its investment in the financial IT infrastructures that deliver a wide variety of low latency connectivity to the worldâs leading exchanges.â
âCredit Suisse recognizes the importance of the IT infrastructure underlying key services such as AES Crossfinder,â said Dmitri Galinov, Director and AES Head of Liquidity Strategy, Credit Suisse. âWe are confident that Savvis will deploy a cost-effective infrastructure that will provide us with the low latency solutions that our customers are demanding, allowing us to focus on core competencies and differentiate our offering in the market place.â
According to Rosenblatt Securities, a leader in dark pool and global exchange analysis, dark pools have grown dramatically over the past two years. As a group they executed 8.57 percent of all U.S. equity volume in May, up from approximately 5.00 percent at the beginning of 2008.