San Francisco, 25 April 2005 – Calypso Technology , Inc., a leading provider of cross-asset front to back trading solutions for the capital markets industry, today announced that SemperMacro has chosen the Calypso system to support all trading and trade processing.
SemperMacro needed a system that was designed to be cross-asset in order to competently handle the full range of instruments traded under the Global Macro strategy from trade entry through to confirmations and settlements. As SemperMacro are launching with a sizeable amount of assets under management, using a strong system from the outset was essential, rather than purchasing a packaged hedge fund solution and upgrading later. Calypso met the requirements of their traders by allowing them to trade numerous instruments but also by capturing the way they view risk.
Stefan Pollmann, Partner – COO of SemperMacro, said: “We were looking to build our business with the support of a very robust front to back office system. This was our initial vision and Calypso met all our requirements.”
Roland Sapsford, Director – London for Calypso Technology, commented: “We are glad to welcome SemperMacro as a customer and are pleased to be supporting them in the launch of their fund. Calypso’s key strength lies in its ability to support a range of instruments and this is resulting in it becoming the system of choice for hedge funds with sophisticated requirements.”
About SemperMacro
SemperMacro, a division of Fulcrum Asset Management LLP, is a Global Macro Fund launching in June 2005.
Monday, April 25, 2005
Monday, April 4, 2005
Calypso Launches Calypso eXSP™ Solution
San Francisco, 04 April 2005 – Calypso Technology , Inc. (Calypso) a leading provider of cross-asset front to back trading and trade processing software systems, today announced the launch of Calypso eXSP™, its exotic structured products trading solution. A front to back solution, Calypso eXSP™ has the ability to handle total structuring, risk management and processing of these complex instruments.
By enabling the processing of exotic structured products in a single system, Calypso eXSP™ helps banks to improve controls and more accurately manage their risk, while maintaining the flexibility needed for users as the products continue to become more complex in nature. Exotic structured products have historically created processing and risk management challenges for banks, which have been forced to structure and manage these instruments in spreadsheets and book them as individual components in disparate trading systems. Calypso eXSP™ can handle numerous hybrid instruments with cashflows indexed to underlyings that span any combination of interest rates, foreign exchange, equity, bond or commodity prices and indices. Importantly, new structures can be entered without requiring any code changes to the system, eliminating the need for IT departments to program each structure individually.
“The market for hybrid products that are linked to a number of different asset groups has enormous potential as banks are becoming more creative when serving their clients,” Kishore Bopardikar, President of Calypso Technology, Inc. explains. “It is essential that technology is able to keep pace with this creativity and complexity, and as a modern purpose-built solution, Calypso eXSP™ is well-positioned to meet the demands of this market.”
Kwong Li, Senior Business Analyst for Calypso Technology, Inc. adds: “Yield enhancing instruments are becoming more necessary in low interest environments and hybrid products which combine various underlyings are growing in popularity. Target Redemption Notes, Range Accruals, Power Reverse Dual Currency Notes and Snowballs are just a few of the products that are gaining tremendous popularity as a result. Pricing and processing of hybrids has proved challenging in the past and has been a deterrent for some banks who are looking to produce complex instruments themselves for distribution to their clients.”
Calypso eXSP™ is fully integrated within Calypso’s cross-asset front to back software system.
By enabling the processing of exotic structured products in a single system, Calypso eXSP™ helps banks to improve controls and more accurately manage their risk, while maintaining the flexibility needed for users as the products continue to become more complex in nature. Exotic structured products have historically created processing and risk management challenges for banks, which have been forced to structure and manage these instruments in spreadsheets and book them as individual components in disparate trading systems. Calypso eXSP™ can handle numerous hybrid instruments with cashflows indexed to underlyings that span any combination of interest rates, foreign exchange, equity, bond or commodity prices and indices. Importantly, new structures can be entered without requiring any code changes to the system, eliminating the need for IT departments to program each structure individually.
“The market for hybrid products that are linked to a number of different asset groups has enormous potential as banks are becoming more creative when serving their clients,” Kishore Bopardikar, President of Calypso Technology, Inc. explains. “It is essential that technology is able to keep pace with this creativity and complexity, and as a modern purpose-built solution, Calypso eXSP™ is well-positioned to meet the demands of this market.”
Kwong Li, Senior Business Analyst for Calypso Technology, Inc. adds: “Yield enhancing instruments are becoming more necessary in low interest environments and hybrid products which combine various underlyings are growing in popularity. Target Redemption Notes, Range Accruals, Power Reverse Dual Currency Notes and Snowballs are just a few of the products that are gaining tremendous popularity as a result. Pricing and processing of hybrids has proved challenging in the past and has been a deterrent for some banks who are looking to produce complex instruments themselves for distribution to their clients.”
Calypso eXSP™ is fully integrated within Calypso’s cross-asset front to back software system.
Subscribe to:
Posts (Atom)
Posts
