Calypso Ranked Best Front to Back System for Credit

San Francisco, 17 December 2004 – Calypso Technology , Inc. a leading provider of cross-asset front to back trading and trade processing systems, announces that it has been ranked the best front to back system for credit derivatives in Risk magazine’s inaugural Technology Rankings.

Readers of Risk magazine participated in an online survey of technology vendors and nominated systems they were either using or were familiar with. Calypso also scored highly in the trading systems – credit category.

Additionally, Calypso has been included in the first annual FinTech 100 compiled by the American Banker and Financial Insights. The ranking of technology companies was based on revenue generated by the financial services industry.

“ The Risk ranking demonstrates Calypso’s ongoing success in the rapidly expanding credit derivatives market and further cements Calypso’s position as the market-leading vendor solution for automating credit derivatives trading and processing, ” said Charles Marston, CEO of Calypso Technology, Inc. “We are also thrilled to have been included in the FinTech 100 ranking. This highlights the strength of our organisation and we look forward to improving on this in the future.”