NEW YORK, July 28 /PRNewswire/ -- TraderTools LLC, the only technology company to deliver a fully-integrated e-trading solution, announced today the licensing of its OrderTools(TM) system by France-based Calyon, the corporate and investment bank resulting from the May 2004 merger between CREDIT AGRICOLE INDOSUEZ (CAI) and CREDIT LYONNAIS' corporate and investment banking unit. Calyon has licensed the TraderTools' STPlatform(TM) component in 17 global sites to function as its electronic Foreign Exchange (FX) order management system.
"The merger spurred a renewed focus on FX and a unique opportunity to invest in cost-effective, highly functional and robust off-the-shelf products," announced Jon Simmonds, Global Head of Spot FX at Calyon. "In terms of Spot FX, Calyon will operate from four primary hubs -- Paris, London, Hong Kong and New York -- with more than 180 users. OrderTools will allow not only our branch traders -- but also our customers -- to enter orders, at the press of key, via the Internet."
"With OrderTools Calyon intends to 'pass the book' transparently between its global offices and to introduce new products as they emerge," said Yaacov Heidingsfeld, COO of TraderTools. "We welcome Calyon to the TraderTools family
and look forward to sharing our e-trading expertise and other STPlatform components with them in the future."