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Credit Suisse offers internet trading of Structured Exotic FX Options

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Credit Suisse is now trading Structured Exotic Foreign Exchange Options on its new internet platform, Merlin.

Credit Suisse is now trading Structured Exotic Foreign Exchange Options on its new internet platform, Merlin. The bank says the online trading platform will allow clients to structure, price and execute complex, multi-legged exotic option transactions online.

Credit Suisse’s clients can now structure transactions manufactured from vanilla options and a wide variety of first and second generation exotic options. The platform generates a dealable price automatically before giving the client the ability to execute the trade online. The platform has already auto-executed structures of exotic options containing over 150 legs. Structured Exotic FX Options are normally traded over the phone, and the bank claims ‘this online facility provides more speed, transparency and direct control of the transaction for clients’.

"There are few, if any, transactions of this complexity that have been traded electronically on the Internet," says Simon Hards, Global Head of FX Exotics Trading at Credit Suisse. "We are pleased to be able to provide the cutting-edge capabilities of Merlin to our clients, whose needs are becoming increasingly sophisticated. We are committed to providing clients with innovative tools to enable them to execute transactions as efficiently as possible."

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