Credit Suisse has begun trading structured exotic foreign exchange options on its new Internet platform, Merlin. This will allow the bank's clients to structure, price and execute complex, multi-legged exotic option transactions online. The Swiss bank’s clients can now structure transactions manufactured from vanilla options and a wide variety of first and second generation exotic options. The platform generates a dealable price automatically before giving the client the ability to execute the trade online. The platform has already auto-executed structures of exotic options containing over 150 legs. Structured exotic FX options are normally traded over the phone, and this online facility provides more speed, transparency and direct control of the transaction for clients.