The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Credit Suisse launches wizard platform

Credit Suisse has formally launched a new internet platform for FX options.

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.

Merlin is aimed at the clients of the bank’s clients, and Credit Suisse says it is an integral part of its strategy to differentiate itself. “Credit Suisse has very strong quant capabilities, as well as in trading exotics. With Merlin, we’re looking to cater for more niche, value-added areas of FX. We feel that by offering online trading of structured exotic FX options, we are adding another high value and unique service to our suite of eFX products,” says Ian Green, the bank’s head of algorithmic and electronic trading for fixed income and foreign exchange.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?