Alternative Execution Services

Our unified Alternative Execution Services team combines sales, trading services, research and Prime Brokerage. With leading technologies, trading tools, customized service and reporting, Alternative Execution Services adds value to your trading process. Alternative investment funds, indexing, shorting and 130/30 mandates make alpha-oriented trading technologies essential for investment management success.

Trade Execution

Our Alternative Execution Services group offers low-latency, reliable electronic order routing to execution venues (TSX, NASDAQ, NYSE, Dark Pools, ECNs, ATSes, etc.) without intervention. This straight-through processing provides our clients with direct control over their executions for reduced commissions.

Portfolio Trading

We focus on realizing efficiencies and minimizing market-impact to enhance our client's overall investment performance. On our Portfolio Trading desk, we offer a coordinated approach for managing portfolio funding and redemptions rebalances, asset allocations, and transitions that integrates risk management, decision support analytics, automated strategies and access to multiple sources of liquidity.

The Portfolio Trading platforms at Alternative Execution Services provide our clients with customized reporting tools, real-time order analytics and strategy-specific trading methods. In addition, Alternative Execution Services offers clients Viper, our proprietary auto-trading system which increases trader efficiency and order management. Viper allows a trader to enter multiple securities into an Excel-based front-end and to execute trades based on various strategies. Viper monitors quotes, executes trades, CFOs, cancels and automatically reports fills back to the sheet.

Our Alternative Execution Services group receives client order flow via traditional methods, but encourages the use of FIX to realize the benefits of real-time order management and monitoring.

Algorithmic Trading

We offer a proprietary suite of algorithms built for the unique characteristics of inter-listed Canadian equities. With a proven four-year track record, we offer intelligent strategies, focused order placement logic, and best-market executions across visible North American markets and dark pools.

As a recognized leader in Canadian algorithmic trading, CIBC has integrated our full algorithmic suite with many of the world's leading broker-neutral Execution Management Systems and Order Management Systems.

Hedge Fund & Trading Research

Our highly-ranked equity research team offers quantitative, statistical arbitrage, index and merger-arbitrage products to our clients. With research covering quantitative equity, long-short, pairs trading, stub trading, index arbitrage and event-driven alpha-generating arbitrage strategies, we provide investment managers with proprietary trading strategies developed and delivered by Canada's leading portfolio trading desk.