Townsend Analytics announced that Credit Suisse’s Advanced Execution Services (AES) suite of algorithmic trading products, as well as the firm’s CrossFinder dark pool can now be accessed via Townsend’s RealTick execution management system (EMS).

“CrossFinder is a substantial source of liquidity for institutional investors seeking exposure and we believe it adds value to our customers who are looking for best execution and to fill their trading requirements,” says Jeff Wecker, chief executive officer at Townsend Analytics. He adds that CrossFinder will be available as a routing destination via RealTick.

This latest deal illustrates Townsend’s goal to provide a neutral single platform for institutional trading clients. “There are many more choices available to institutional investors to trade and the ability to provide the very best execution tools to those investors depends on providing an integrated platform where at the click of a button you can immediately trade where the liquidity might be present,” says Wecker.

He adds, “One of our core strategies is to be an efficient vessel for Broker-Dealers globally to offer all of their execution services and products, whether that be DMA services or algorithmic services or dark liquidity services across asset classes. And we’ll make those available to their customers as quickly as possible.”

Wecker says that Townsend is “systematically integrating dark pools globally,” with several other dark pool destinations already in the works. RealTick clients already have access to Fidelity’s CrossStream and ISE’s MidPoint Match dark liquidity pools.

The Credit Suisse algorithms and dark pool routing are already up and running within RealTick and so far Wecker says the response has been positive. “Even in the early days, customers have responded quite aggressively to these new services inside RealTick,” he says. The deal also enables Credit Suisse to develop customized algorithms going forward for delivery on the platform as needed.

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