Smart Trade Technologies has announced that it has been selected by the fixed income markets division of Calyon, the Crédit Agricole corporate and investment bank, to build an interest-rate derivative (IRD) electronic distribution and trading platform. Using Smart Trade’s liquidity management systems (LMS) as its backbone, the platform will automate order and trade flows within Calyon and towards its clients worldwide.
“Automating the liquidity management on IRDs, which trade at extremely high speeds, is a highly complex and necessary change to achieve today to optimise the way transactions are carried out,” says Benjamin Mellul, global co-head of interest-rate derivatives trading, Calyon. “We have targeted two goals, both 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 solid platform operating within Calyon’s infrastructure, fully compliant with today’s as well as the future’s digital-business requirements,” he adds.
Smart Trade architecture is “componentised”, which allows firms to leverage their existing execution technology and processes while building a dedicated platform for developing their automated market-making strategies, according to Harry Gozlan, CEO, Smart Trade. “With our liquidity management system as Calyon’s backbone, we will function as a development accelerator, abstracting numerous processes, delivering several complete levels of APIs and working closely with their IT teams,” he continues.