Calyon Selects Reuters to Deliver Its Global FX Trading Platform.LONDON -- Credit Agricole's corporate and investment bank, Calyon has selected Reuters, (LSE LSE - Language Sensitive Editor :RTR RTR Ready To Run RTR Rundfunk & Telekom Regulierungs Gmbh RTR Rotor RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland) RTR Response Time Reporter RTR Ready To Race RTR Ready to Roll ) the global information group, as its technology partner in delivering Calyon's foreign exchange trading Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the platform for its corporate and financial customers. Calyon selected Reuters following a competitive review of several vendors. Calyon's revamped service, called Aquarius, forms part of its web-based range of services, which are used by a wide range of clients including corporate, financials and internal users serviced out of their London, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. offices. Calyon's FX dealing platform, which went live in December 2004, is powered by Reuters Electronic Trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. - Automated Dealing ASP-based foreign exchange and money market dealing service. The RET-AD ASP (application service provider or hosted) option's fast implementation and flexible technology has enabled Calyon to extend its automated and other FX services to clients. With RET-AD, the bank's customers will see live streaming rates and be able to trade either directly with Calyon or with multi-dealer platforms over a standard internet browser See Web browser. . Calyon's branches will also be able to input their trading requirements electronically, freeing up central dealing room staff to concentrate on promoting the enhanced corporate services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. to new and existing clients. Andrew Kellner, Global Head of Forex Forex See: Foreign exchange , Funds and Commodities, Calyon, stated: "Calyon has been progressively expanding its foreign exchange services over the past 18 months to its growing client base and it was essential that we have a robust e-fx platform to support our business development initiative. After conducting a rigorous review of available platforms, we selected Reuters-RET because it provides a scaleable and hosted solution that addressed our key internal and external requirements. With this new solution, our clients benefit from timely and efficient access to the Global FX Markets." John Alcantara, Managing Director, Focus Group Accounts - Europe and Senior Company Officer UKI UKI United Kingdom & Ireland , Reuters, added: "As a leading financial institution, we're pleased that we met Calyon's rigorous technological standards and project delivery timescales. This project with Calyon underscores Reuters strength in providing flexible transaction services to the global foreign exchange markets." Reuters Automated Dealing Technologies business specializes in providing leading-edge technology to financial institutions and their customers to conduct FX and money market transactions in a real-time environment online. Reuters has provided Automatic Dealing Technologies solutions to over 60 leading global financial. - END - Note to Editors: About Calyon, Corporate and Investment Bank Calyon is Credit Agricole's new Corporate and Investment Banking entity that combines Credit Agricole Indosuez's activities with those of Credit Lyonnais' Corporate and Investment Banking division. Backed by Credit Agricole S.A.'s credit ratings and financial solidity, Calyon is positioned as a major player in financial markets and among Europe's leading corporate and investment banks by revenues. With a staff of 18,000 employees in more than 60 countries, Calyon is specialised in a broad range of capital markets, investment banking and financing activities. About Reuters Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 14,500 staff in 91 countries. This includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In 2004, Reuters Group revenues were GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.9 billion. Reuters and the sphere logo are the trademarks of the Reuters group of companies. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion