Fixed Income Securities to distribute reverse convertibles for Credit Suisse

By Jennifer Chiou

New York, Jan. 24 - Fixed Income Securities, LP announced it will be the exclusive distributor of reverse convertible securities for Credit Suisse (USA), Inc. to broker/dealers in the United States.

"We are very enthusiastic about this new strategic initiative," Fixed Income Securities president and chief executive officer Scott Colyer said in a news release.

"This agreement will also give us the opportunity to provide our clients exclusive access to these innovative derivative instruments, which have become an important tool in structuring diversified portfolios."

Based in Monument, Colo., Fixed Income Securities provides fixed-income resources to financial professionals, specializing in income products, portfolio analysis and customized investment strategies.

Credit Suisse parent Credit Suisse Group is a financial services company with headquarters in Zurich.

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