San Francisco, 28 April 2003 – Calypso Technology announced today that the Calypso system now supports the Linux open source operating system. Calypso provides front to back trading and processing solutions for all treasury, fixed income, equity and structured products to the world's leading financial institutions.
Supporting Linux is an integral part of Calypso's strategy to provide the lowest total cost of ownership to its customers.
"Calypso is focused on lowering its clients overall costs. We look at all the elements that go into this. Our system provides clients with greater STP which reduces operational expenses. Customers have been able to eliminate the costs of maintaining multiple systems by using Calypso. By supporting Linux, we are now providing them with the least expensive option for them to deploy and operate critical business applications like Calypso." Said Kishore Bopardikar, President of Calypso.
Calypso's ability to run on Linux makes it an attractive system choice for banks adopting a modern system strategy but unable to find appropriate applications for use.
"Many banks now have an open source plan and are adopting Linux. They would like to use it more widely but are restricted by applications that were built for a single platform and cannot be migrated over to Linux. With the support of Linux we are simply addressing our customers needs," commented Bopardikar.
Calypso's support for Linux was very straightforward as the system is built completely in Java. No additional development was required and the same version system is now available for all platforms including Linux, Windows, Solaris and others. Testing on Linux is integral part of the development process at Calypso. Calypso itself uses Linux to run its system in house in various instances.
Monday, April 28, 2003
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