Where is the button for creating a link?

I cannot find it for the life of me in my Compose window… I see one here… where is it in my email compose window?
Also I HOPE with a new system we don’t EVEN have to go through a 3 click process to create a clickable link that opens in a new window for our recipient! It should do like MOST EMAIL PROGRAMS DO which is automatically create a link that opens in a new window for the recipient when it sees http:// or www. …

Added https://github.com/runbox/runbox7/issues/6 for this.

– Geir