he most effective execution. Trading executes client and proprietary orders and makes markets in listed and over-the-counter (OTC) cash securities, exchange-traded funds and programs, providing liquidity to the market through both capital commitments and risk management. Advanced execution services (AES) is a suite of algorithmic trading strategies, tools and analytics operated by the company to facilitate global equity trading. By employing algorithms to execute client orders and limit volatility, AES helps institutions and hedge funds reduce market impact. Equity derivatives: Equity derivatives provides a range of equity-related products, investment options and financing solutions, as well as hedging and risk management expertise and comprehensive execution capabilities to financial institutions, hedge funds, asset managers and corporations. Convertibles: Convertibles trading involves both secondary trading and market making and the trading of credit default and asset swaps and distributing market information and research. The global convertibles business is an originator of new issues throughout the world. Prime services: Prime services provides a range of services to hedge funds and institutional clients, including prime brokerage, start-up services, capital introductions, securities clearing, hedge fund administration, synthetics and financing solutions. Arbitrage trading The company’s arbitrage trading business focuses on liquidity-providing strategies in the major global equity and fixed income markets. Other Other products and activities include lending, certain real estate investments and the distressed asset portfolios. Lending includes senior bank debt in the form of syndicated loans and commitments to extend credit to investment grade and non-investment grade borrowers. Markets The company has operations in Switzerland, France, Germany, Italy, Spain the U.K., Russia, Poland, Turkey, the Middle East, the U.S., Canada, the Caribbean, Latin America, Australia, China, Hong Kong, Korea, Japan, and India. History Credit Suisse Group AG was founded in 1856.