Tuesday, February 15, 2005

Calypso Announces New Risk Aggregation Module

San Francisco, 15 February 2005 – Calypso Technology, Inc. a leading provider of cross-asset front to back trading and trade processing systems, today announced the availability of the Calypso Risk Aggregator software module, which provides a consolidated view of risk exposure from multiple business areas.

Calypso Risk Aggregator provides a single view of exposure to risk, such as credit risk, interest rate risk and FX risk, from trading in all systems. It also takes input from in-house systems and third-party systems across multiple trading desks. Users can define various strategies for aggregating risk based on any attribute ( for example, cumulative aggregation based on credit ratings ) and can select from multiple views of data. Risk data can be manipulated into user defined reports for viewing risk measures as needed by end users.

Risk Aggregator is also fully integrated with Calypso’s real-time scenario analysis engine to enable complex stress testing. Together with Calypso’s existing front to back solution, Calypso Risk Aggregator will serve as part of a comprehensive trading and risk system with broad instrument coverage from all asset classes.

Charles Marston, Chairman and CEO of Calypso Technology, Inc., commented: “The launch of Calypso Risk Aggregator strengthens our risk offering and provides a software solution that can be extended beyond existing users at Calypso’s clients. By facilitating a consolidated view of risk, we can provide an environment in which users can accurately manage their risk across multiple business areas.”

Monday, February 7, 2005

Calypso and NumeriX Partner to Bring Advanced Analytics to Structuring Desks and Hedge Funds

San Francisco and London, 07 February 2005 – Calypso Technology, Inc. a leading provider of cross-asset front-to-back trading and trade processing systems, and NumeriX LLC, the leading player in multi-platform, cross-asset derivatives pricing and risk management software, have announced a strategic partnership that will see the companies offer NumeriX analytics embedded within the Calypso Structured Products solution.

The partnership provides traders who are using Calypso to build and customise structured hybrid instruments with the availability of NumeriX advanced pricing and analytics as an integral part of the system. The combined solution provides Calypso users with a vastly expanded number of pricing models, as well as the benefits of a single, integrated trading system.

"We see NumeriX as a market leader and key innovator in this field and opted to partner with them in order to bring their competitive edge to our client base," comments Charles Marston, CEO of Calypso Technology, Inc. "Calypso’s capabilities in structured products allow users to reap the benefits of the opportunities that lie in this market. By integrating NumeriX’s pricing analytics into Calypso, we can offer our customers the opportunity to use market vetted analytics as part of our complete solution."

"The demand in the market for larger returns means that increasingly complex structured instruments are becoming mainstream," said Steve O’Hanlon, president and COO of NumeriX LLC. "By combining our expertise in pricing complex derivatives with Calypso’s market-leading capabilities in processing structured instruments, we are speeding up the pricing process and helping users maximise profit opportunities by advanced market modelling and analysis."

The Calypso/NumeriX partnership includes technical integration as well as joint sales and marketing support.