Smart Trade Technologies, Inc., announced today that they have been selected by the fixed income markets division of Calyon, the CrÃ©dit Agricole corporate and investment bank, to build an interest-rate derivative (IRD) electronic distribution and trading platform. Using Smart Tradeâs liquidity management systems (LMS) as its backbone, the platform will automate order and trade flows within Calyon and towards its clients worldwide.
Calyon interest-rate derivative traders are market makers for interest rate swaps and options. Their IRD trading is hosted within the Calyonâs fixed income markets division with traders and sales staff based in Europe, Asia and the Americas. Calyon specializes in capital markets, investment banking and financing. With a network of more than 250 senior bankers across the world and a local presence that complements a network of regional banks and local country branches, Calyon operates in the world's financial markets on behalf of large corporations, financial institutions and French SMEs.
âAutomating the liquidity management on IRDs, which trade at extremely high speeds, is a highly complex and necessary change to achieve today to optimize the way transactions are carried out,â said Benjamin Mellul, global co-head of interest rate derivatives trading at Calyon. âWe have targeted two goals, externally to improve the high levels of service we are providing our clients and internally to improve the way we identify the sources of our revenues. By using Smart Trade, we are able to put in production a very solid platform operating within Calyonâs infrastructure, fully compliant with todayâs as well as future digital-business requirements.â
âSmart Trade architecture is componentized,â added Harry Gozlan, CEO at Smart Trade, âwhich allows firms to leverage the best of their existing execution technology and processes while building a dedicated platform for developing their automated market-making strategies. With our liquidity management system as Calyonâs backbone, we will function as a development accelerator, abstracting numerous processes, delivering several complete levels of APIs and working closely with their IT teams.â