Calyon Financial launches online metals trading platform

Source: Calyon Financial

Calyon Financial today released its web-based metals trading platform, MetalsEdge, which gives global clients the ability to electronically communicate orders.

MetalsEdge provides execution on the London Metal Exchange (LME) as well as other major global derivatives exchanges, allowing Calyon Financial customers to trade metals as well as other financial and commodity products across global markets simultaneously from the same workstation.

With the MetalsEdge platform and its Category 1 LME membership, Calyon Financial provides quick and user-friendly access for clients and supports connectivity to LME Select, the LME's electronic trading system. Electronic metals trading through Calyon Financial is available during the normal LME Select trading hours of 01:00 to 19:00 GMT. Alternatively, clients can contact Calyon Financial's Metals Group directly which operates 24 hours with staff in London, New York, Hong Kong and Tokyo.

In addition to the MetalsEdge trading platform, Calyon Financial is also introducing a dedicated metals website.

"Our Metals website offers a host of company interfaces, news, charts, metals prices and access to our metals platform, MetalsEdge," said Mike Frawley, Senior Vice President and Global Head of Metals for Calyon Financial.

The Calyon Financial MetalsEdge platform receives real time LME Select bids and offers. The platform, accessible through a standard internet browser, offers a "point-and-click" trading facility and supports flexible order and strategy types. Users have full control and visibility over their executed, partially executed and working orders on a real-time and historical basis. All entered trades are also controlled by a pre-trade risk management system.

"I'm confident our clients will be pleased with the versatility and depth of the MetalsEdge multi-faceted trading platform. MetalsEdge is easy to use and highly configurable. While it's available with a pre-defined screen, it also allows traders to customize their views and functionality to best suit their needs," added Mike Frawley.

LME Select lists the following three-month metals products, all of which are supported by the Calyon Financial platform: Aluminum, Copper, Lead, Nickel, Tin, Zinc, Aluminum Alloy, and North American Special Aluminum Alloy (NASAAC).

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