Calyon Financial Launches Foreign Exchange Trading Platform
Posted on: Monday, 15 May 2006, 09:02 CDT
CHICAGO, May 15 /PRNewswire/ -- Calyon Financial today announced the launch of its new online foreign exchange trading platform, Calyon Financial FX Edge. The new platform will provide customers with access to streaming liquidity supplied from the world's leading foreign exchange institutions.
For trades executed via the platform, Calyon Financial serves as counterpart to both the customer and the liquidity providers. This allows customer trades to remain anonymous to the market, ensuring pricing neutrality.
"We saw an opportunity to combine a leading technology solution with the strength and expertise of a top institutional brokerage," said Max Smith, head of the firm's Foreign Exchange desk. "Calyon Financial FX Edge gives traders the advantage of aggregated spot prices from high quality sources, combined with our firm's skilled customer service and solid balance sheet. The goal was to provide greater depth of liquidity at a tighter spread than has been previously available. A further benefit to our customers is that, should one of our liquidity partners be unavailable, the others will ensure continuity."
Calyon Financial FX Edge provides streaming spot prices in all major currencies and gives traders the ability to use a "one-click" browser-based system for fast market access.
Calyon Financial FX Edge features the ability for traders to customize currency pairs and settings, set ticket size limits, and configure the trade blotter to maximize efficiency. The platform can also produce customized downloadable reports for ease of reporting and control.
Customers benefit from the strength and market reputation of Calyon Financial, a top FX broker. Calyon Financial, which does not engage in proprietary trading, is backed by its AA rated parent bank, Calyon S.A.
Calyon Financial developed the new platform in conjunction with Integral, an industry leading provider of innovative, end-to-end solutions to automate FX trading.
About Calyon Financial
Calyon Financial ( http://www.calyonfinancial.com/ ) is a leading global brokerage firm dedicated to providing institutional clients efficient access to all major markets. The firm ranks among the top futures commission merchants in the world. Headquartered in Chicago, Calyon Financial has a presence in 13 major global financial centers. Calyon Financial is a wholly owned subsidiary of Calyon Corporate and Investment Bank ( http://www.calyon.com/ ), the corporate banking arm of Credit Agricole. Calyon is a major player in financial markets and among Europe's leading corporate and investment banks. Credit Agricole and Calyon each hold AA credit ratings.
Contact: Barry Neumann, Calyon Financial Corporate Communications
+1-312-441-4564
Calyon Financial
CONTACT: Barry Neumann of Calyon Financial Corporate Communications,+1-312-441-4564
Web site: http://www.calyonfinancial.com/http://www.calyon.com/
Source: PRNewswire
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