CIBC World Markets is first Canadian-based dealer to integrate algorithms with Charles River Development



    Charles River IMS clients gain access to suite of inter-listed Canadian
    algos

    TORONTO, July 17 /CNW/ - CIBC (CM: TSX; NYSE) - CIBC World Markets has
enhanced its trading systems with the official launch of its suite of
inter-listed Canadian algorithms on the Charles River Investment Management
System (Charles River IMS) order management system.
    "We are excited to be the first Canadian-based dealer to provide its
algos on Charles River Development's award-winning system," said Martin
Piszel, Managing Director, Alternative Execution Services, CIBC World Markets.
"Charles River's IMS and FIX network expedited the deployment process and
allowed us to make front-end changes that provided mutual clients with instant
access to our algorithmic suite."
    "CIBC World Markets' work with Charles River reinforces our commitment to
invest in technology that provides our clients in Canada and around the world
with best-in-class trading platforms. Our suite of algorithms on Charles River
IMS was developed in-house. They reflect the unique trading characteristics of
Canadian equities and boast a successful four-year track record," adds Mr.
Piszel.
    "Our 290 clients worldwide continue to demand new trading tools and
strategies to access liquidity and achieve best execution," said Tom Driscoll,
Vice President, Sales and Marketing, Charles River Development. "We're
developing a number of new liquidity solutions to meet this demand, including
the ability to use leading algos, such as CIBC World Markets'."
    CIBC World Markets algorithms offer intelligent strategies, focused
order-placement logic, and best market executions across Canadian/US
inter-listed securities. The inter-listed algorithms added to Charles River
IMS include VWAP, POV, Implementation Shortfall/Arrival Price, Hide and Hit
(hidden limit order) and TWAP.
    The Alternative Execution Services Group at CIBC World Markets is working
to integrate its Canadian algorithmic suite with leading global EMS providers.
For a complete list of current EMS integrations, or to discuss other
integrations, contact Martin Piszel (see contact information below).

    CIBC World Markets is the wholesale and corporate banking arm of CIBC,
providing a range of integrated credit and capital markets products,
investment banking, and merchant banking to clients in key financial markets
in North America and around the world. We provide innovative capital solutions
and advisory expertise across a wide range of industries as well as top-ranked
research for our corporate, government and institutional clients.





For further information:

For further information: Martin Piszel, Managing Director, CIBC World
Markets at (416) 956-3014, martin.piszel@cibc.ca; or Kevin Dove,
Communications and Public Affairs at (416) 980-8835, kevin.dove@cibc.ca


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