France-based bank Calyon, formed from the recent merger between Credit Agricole Indosuez (CAI) and Credit Lyonnais' corporate and investment banking unit, has licensed TraderTools' real-time foreign exchange order management system, OrderTools.
OrderTools, which is a component of the vendor's trading system STPlatform, allows users to manage ordinary and conditional foreign exchange orders. The system will be rolled out across 17 sites.
Jon Simmonds, global head of Spot FX at Calyon, says: "In terms of Spot FX, Calyon will operate from four primary hubs - Paris, London, Hong Kong and New York - with more than 180 users."
Simmonds says the product will enable both branch traders and customers to enter orders via the Internet.
Yaacov Heidingsfeld, COO of TraderTools, says: "With OrderTools, Calyon intends to 'pass the book' transparently between its global offices and to introduce new products as they emerge."