Credit Suisse launched its Merlin platform for FX options in early December. The system, which the bank has used internally since 2006, allows clients to structure, price and execute complex, multi-legged exotic option transactions online. Credit Suisse says Merlin is completely automated and works on a request-for-quote basis. It adds that the platform has significantly sped up the pricing of complex structures – on average, it takes just 15 seconds to obtain a quote – and that it is now able to process far more trades.