In response to demands for heightened performance, two well-known dark liquidity destinations--Credit Suisse's CrossFinder and Pipeline Trading Systems--have been bolstering their technology.
Over the past six months, Credit Suisse Advanced Execution Strategies (AES) has adjusted or upgraded CrossFinder's servers, software, processing capacity, and messaging and collocation capabilities. Dmitri Galinov, director of liquidity strategy at AES, said the dark pool has gone from two to eight servers, with the new machines offering state-of-the-art processors and significantly more memory. "They are about four times as powerful," said Galinov.
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