Credit Suisse reportedly plans to reorganize its equities business, separating electronic trading from block trading of large orders. The separation of the trading units comes as word came out that the trading chief under whom the units were united plans to leave the company. Daniel Mathisson, who joined Credit Suisse in 2000, was promoted to oversee all U.S. stock trading in 2012. At the time he was head of the firm’s electronic trading, called advanced execution services (AES). He retained oversight of AES when he was promoted to oversee the rest of US equities trading. The plans to separate electronic...
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