Smart Trade to build derivatives trading platform for Calyon

The fixed income markets division of French Investment Bank Calyon has commissioned Smart Trade Technologies to build an interest-rate derivative (IRD) electronic distribution and trading platform. The platform will automate order and trade flows within Calyon and towards its clients worldwide. It will be built on the basis of Smart Trade's existing liquidity management system. Calyon says the move is part of a strategy to increase the service given to clients as well as to improve the way i