Credit Suisse AES® launches algorithmic trading in India

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Credit Suisse's Advanced Execution Services (AES®) unit has launched algorithmic trading in Indian equities. Credit Suisse clients can now employ a comprehensive range of AES® algorithmic trading strategies for Indian equities, enabling them to trade more efficiently and achieve best execution.

This development is further evidence of Credit Suisse's global leadership in electronic trading. Since the formation of the AES® group in 2001, the Bank has pioneered new technology and brought it to as many markets as possible. In Asia Pacific, Credit Suisse AES® became the first foreign broker to launch Direct Market Access (DMA) in Malaysia in January 2008 and followed this up by becoming the first foreign broker to offer DMA in the Indonesian market last August. Credit Suisse AES® was also among the first foreign brokers to offer DMA in India in September 2008.

"Sophisticated liquidity-seeking algorithms will help deliver better execution to clients trading Indian equities," said Brook Teeter, Head of AES Sales for Asia Pacific. "Investors will be able to automate their trading strategies and customize the algorithms to serve their objectives. This will help them reduce signaling risk and market impact and to access liquidity at the optimal price."

Algorithms have become increasingly popular globally as investors have sought to trade more efficiently and avoid sharp spikes in volatility while minimizing market impact, particularly given the less liquid market conditions prevalent in many markets over the last 18 months. One strategy aimed at minimizing this impact is SNIPER - an aggressive and opportunistic liquidity-seeking algorithm developed by Credit Suisse to pick off liquidity as it becomes available at a target price. Usage of SNIPER has more than doubled during the last 18 months, reflecting many investors' desire to achieve rapid execution while markets have been volatile.

The AES® suite of algorithms also includes traditional algorithmic strategies that seek to divide trading volumes up over time and strategies that seek to trade at the Volume Weighted Average Price of a stock. Additionally, AES® offers strategies that seek to minimize implementation shortfall - or the difference between the price at which a client decides to trade and the actual execution cost - such as INLINE and other liquidity-seeking strategies like GUERRILLA.

Enquiries:

• Adam Harpe,Corporate Communication/Credit Suisse,Tel. +852 2101 613
• Josephine Le,Corporate Communication/Credit Suisse,Tel. +852 2101 6041

Credit Suisse
As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York. Further information about Credit Suisse can be found atwww.credit-suisse.com.

Investment Banking
In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 26 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services.

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