Calyon, the corporate and investment banking arm of France's Crédit Agricole, is installing Reuters' hosted foreign exchange dealing platform, Reuters Electronic Trading - Automated Dealing (RET-AD), to deliver a revamped online FX portal, Aquarius, to both staff and customers.
With RET-AD 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.
Staff at the bank's branches will also be able to input trading requirements electronically, freeing up central dealing room staff.
Andrew Kellner, global head of forex, funds and commodities, Calyon, says: "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."
Reuters automated dealing platform is based on the technology acquired from its AVT acquisition just over two years go. Reuters claims to have doubled the AVT client base to 120 customers in this time.