News

Calyon Selects smartTrade's Liquidity Management System (LMS) for New Interest Rate Derivative Distribution and Trading Platform
LMS Will Automate Order and Trade Flows between Traders, Sales and ECNs to Provide Profiled Quotes to Clients on OTC IRDs

NEW YORK and Aix en Provence, FRANCE, April 11, 2007 – smartTrade Technologies, Inc., announced today that they have 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 smartTrade's liquidity management systems (LMS) as its backbone, the platform will automate order and trade flows within Calyon and towards its clients worldwide.

Calyon interest-rate derivative traders are market makers for interest rate swaps and options. Their IRD trading is hosted within the Calyon's fixed income markets division with traders and sales staff based in Europe, Asia and the Americas. Calyon specializes in capital markets, investment banking and financing. With a network of more than 250 senior bankers across the world and a local presence that complements a network of regional banks and local country branches, Calyon operates in the world's financial markets on behalf of large corporations, financial institutions and French SMEs.

"Automating the liquidity management on IRDs, which trade at extremely high speeds, is a highly complex and necessary change to achieve today to optimize the way transactions are carried out," said Benjamin Mellul, global co-head of interest rate derivatives trading at Calyon. "We have targeted two goals, 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 smartTrade, we are able to put in production a very solid platform operating within Calyon's infrastructure, fully compliant with today's as well as future digital-business requirements."

"smartTrade architecture is componentized," added Harry Gozlan, CEO at smartTrade, "which allows firms to leverage the best of their existing execution technology and processes while building a dedicated platform for developing their automated market-making strategies. 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."

About smartTrade
smartTrade automates execution across the enterprise by providing the financial markets with the most sophisticated Liquidity Management System (LMS) that enables investment banks, brokers and exchanges to streamline their execution process across multiple-asset classes around the globe.

For further information, please contact:
Harry Gozlan, hgozlan@smart-trade.net
David Vincent, dvincent@smart-trade.net
Tel : +33 1 44 50 19 19