Credit Suisse launches currency basket options

"The introduction of basket options on Merlin has been well received and has been in demand for some time," said Richard Elliot, the bank's London-based director of electronic FX for e-commerce. "For instance, if a client wants to get an indication of what it would cost to trade a Brazil, Russia, India and China basket, they can do it very quickly on Merlin without having to go through the sales or structuring desks."

Launched in December last year, Merlin enables users to structure, price and

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