London – Crédit Agricole’s corporate and investment bank, Calyon has selected Reuters, (LSE: RTR) the global information group, as its technology partner in delivering Calyon’s foreign exchange trading 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 and Hong Kong offices. Calyon’s FX dealing platform, which went live in December 2004, is powered by Reuters Electronic Trading – 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. 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 to new and existing clients.

Andrew Kellner, Global Head of Forex, 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, 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.

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