The bank says the platform, called Merlin, which it has used internally since 2006, enables clients to structure, price and execute complex, multi-legged exotic option transactions online, as well as vanillas.
The platform, which is completely automated, works on a request-for-quote basis. The bank says that it takes on average just 15 seconds to obtain a price on even the most complex structures. Credit Suisse says it has already auto-executed structures containing more than 150 legs and that the platform has significantly enhanced its capacity to trade and process exotics.
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