San Francisco, March 26, 2007 – Calypso Technology, Inc., a leading provider of capital markets trading software solutions, today announced that it has received Certified Alliance Partner status under Markit’s certification program which was launched in January, 2007. Calypso is the first provider of trading and trade processing solutions to successfully complete the certification program.
In order to receive certification, Calypso’s product management team for credit derivatives had to demonstrate that the completed integration of CDS, CDS Indices, RED and Tranche data met the integration standards defined by Markit. The certification means that joint customers of Calypso and Markit can be assured of a high quality of integration. The combination of Calypso’s best of breed front-to-back solution for credit derivatives and Markit’s leading independent credit data creates an unrivalled value proposition for any organisation trading these products.
“Calypso has invested in an ongoing partnership with Markit for several years – we were the first vendor to integrate RED in 2004 and have expanded the integration of Markit data throughout our credit derivatives solution”, said Charles Marston, CEO of Calypso Technology, Inc. “Beyond the certification, we continue to look at new ways to interface to Markit’s offerings. For example, through our project to integrate Markit’s Reference Cashflow Database for clients using Calypso to trade CDS on ABS.”
“We are delighted to recognize Calypso as the first trading and processing solution provider among our alliance partners to receive formal certification. Calypso has proven the quality of its integration work, a process that was accelerated by the strength of the partnership between the two firms and the technical skills of individuals on both sides,” said Nicola von Schroeter, Global Head of the Markit Alliance Program.
About Markit
Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. The company receives daily data contributions from over 75 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.
Markit’s position in the derivatives markets has been acknowledged by the industry with numerous awards. In 2006, the company won Operations Management’s Vendor of the Year award (Trade Processing); Financial News’ Best Derivatives Data Solution and Best New Vendor Solution (Portfolio Valuations); Credit’s Best Operational Support Services Provider; Inside Market Data’s Reference Data Provider of the Year, and Company to Watch; Risk’s Trading Initiative of the Year (Credit Event Fixings); and Structured Finance International’s Editor’s Award for Advancing Structured Finance. In 2005, Markit received International Securitisation Report’s Editor’s Award for Innovation; International Financing Review’s Innovation of the Year (Credit Event Fixings); Financial News’ Best Derivatives Data Provider; and Operations Management’s Vendor of the Year award.
For more information, see http://www.markit.com/
Monday, March 26, 2007
Monday, March 12, 2007
Erste Bank selects Calypso as strategic derivatives platform
San Francisco, March 12, 2007 – Calypso Technology, Inc., (Calypso) a leading provider of capital markets trading software solutions today announced that Erste Bank Group, Central and Eastern Europe’s Leading Financial Services Company, has selected Calypso as its front to back, group-wide solution for interest rate, FX and credit derivatives.
Erste Bank was looking for a solution which could handle the more exotic interest rate products it offers clients, and also had key strengths in credit derivatives and FX options. The bank was impressed by Calypso’s comprehensive functionality and ability to handle a broad range of derivative products. One of the key drivers behind Erste Bank’s decision to choose Calypso was the flexibility of the application, which means the Bank can add new structures and hybrid products with specific payouts when needed.
“We felt it was time to move to a system that would provide us with a simplified way to trade the exotic products we are using. The strength of integration in Calypso’s front to back system is extremely important to us; we expect to see significant benefits through managing cross-asset risk and improving STP for flow and structured derivatives”, commented Herbert Juranek, Head of Group IT of Erste Bank. “Our decision to use Calypso is based on its ability to support our business now as well as a strategic approach to expanding our derivatives activity in the future. We will be leveraging Calypso's highly extendable platform to gain competitive advantages.”
“Derivatives trading and processing are key areas of strength for Calypso, and we welcome the opportunity to become a strategic partner for Erste Bank and look forward to supporting their business development plans”, said Charles Marston, CEO of Calypso Technology, Inc. “Erste Bank’s selection of Calypso is another step in the substantial increase in our German, Austrian and also Central and Eastern Europe client base; and we have expanded our presence in Germany significantly to meet this demand.”
About Erste Bank
Erste Bank, founded in 1819, was the first savings bank in Austria. Today it represents one of the largest financial services providers in Central and Eastern Europe, where Erste Bank has so far acquired more than 10 banks (in Slovakia, Czech Republic, Hungary, Croatia, Serbia, Romania and Ukraine). Almost 50.000 employees serve almost 16 million clients in more then 2.700 branches. 13 out of its 16 million clients live in Central and Eastern Europe. Erste Bank’s business focus is directed at the retail market as well as small and medium-sized enterprises. It offers a broad range of services comprising consumer finance and mortgages, savings and wealth management products as well as SME finance and corporate banking.
Erste Bank was looking for a solution which could handle the more exotic interest rate products it offers clients, and also had key strengths in credit derivatives and FX options. The bank was impressed by Calypso’s comprehensive functionality and ability to handle a broad range of derivative products. One of the key drivers behind Erste Bank’s decision to choose Calypso was the flexibility of the application, which means the Bank can add new structures and hybrid products with specific payouts when needed.
“We felt it was time to move to a system that would provide us with a simplified way to trade the exotic products we are using. The strength of integration in Calypso’s front to back system is extremely important to us; we expect to see significant benefits through managing cross-asset risk and improving STP for flow and structured derivatives”, commented Herbert Juranek, Head of Group IT of Erste Bank. “Our decision to use Calypso is based on its ability to support our business now as well as a strategic approach to expanding our derivatives activity in the future. We will be leveraging Calypso's highly extendable platform to gain competitive advantages.”
“Derivatives trading and processing are key areas of strength for Calypso, and we welcome the opportunity to become a strategic partner for Erste Bank and look forward to supporting their business development plans”, said Charles Marston, CEO of Calypso Technology, Inc. “Erste Bank’s selection of Calypso is another step in the substantial increase in our German, Austrian and also Central and Eastern Europe client base; and we have expanded our presence in Germany significantly to meet this demand.”
About Erste Bank
Erste Bank, founded in 1819, was the first savings bank in Austria. Today it represents one of the largest financial services providers in Central and Eastern Europe, where Erste Bank has so far acquired more than 10 banks (in Slovakia, Czech Republic, Hungary, Croatia, Serbia, Romania and Ukraine). Almost 50.000 employees serve almost 16 million clients in more then 2.700 branches. 13 out of its 16 million clients live in Central and Eastern Europe. Erste Bank’s business focus is directed at the retail market as well as small and medium-sized enterprises. It offers a broad range of services comprising consumer finance and mortgages, savings and wealth management products as well as SME finance and corporate banking.
Thursday, March 1, 2007
Calypso Celebrates 6th Consecutive Year of Double Digit Growth
- Product innovation and commitment to technology excellence drive client growth
- Achievements recognized by Risk Magazine, Financial-i, and Inc. 500 awards
San Francisco, March 1, 2007 - Calypso Technology Inc. (Calypso) the leading provider of capital markets trading software solutions for global financial institutions, today announced that 2006 was its sixth consecutive year of double-digit revenue and client growth.
The new client signings include global and regional banks, hedge funds and asset managers. Building on its 2005 landmark gains, Calypso experienced almost 25% increase in new clients in the Americas and a 40% gain in Europe, while client numbers more than doubled in Asia. Both new and existing clients expressed strong interest across all products with front-to-back solutions for derivatives trading, enhanced structuring capabilities, as well as treasury processing exhibiting the greatest demand.
"These results demonstrate Calypso's persistent investment in research and advanced technology, which has enabled us to deliver products and services that help clients excel in a demanding marketplace," stated Charles Marston, Chairman and CEO of Calypso. "Our innovative infrastructure coupled with continuous functional enhancements, consistently pushes the boundaries for capital markets systems."
In 2006 a variety of enhancements and services were introduced, including:
- Enterprise Risk Service (ERS), state-of-the-art risk management capabilities that meets the challenges of calculating, aggregating, and disseminating key risk measures in real-time
- Cash management module, enables users to streamline their own accounts, as well as provide a value-added service to their clients
- Enhanced collateral management module, including margin requirements
- Continued leadership in credit including support for credit default swaps on asset- backed securities and for CDO2
- Front-to-back support for a wide variety of structured and hybrid products without coding, enabling clients to react quickly to the creativity of their trading room
Calypso continued to achieve industry recognition throughout 2006 for its innovative technology that helps organizations address end-to-end capital market needs for the newest, most complex investments to high volume, commoditized instruments and achieve unmatched results. Key awards included two first place rankings in Risk Magazine for 'Credit Trading' and 'Credit Front-to-Back Office Systems', plus top-five finishes in nine other categories; Financial-i's 'Most Innovative Derivatives Processing Solution', and a year-over-year 131 ranking jump to the 309th spot in the Inc. 500 ranking of fastest-growing private companies in the US.
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