Calypso named by Markit as First Certified Partner for Trading and Processing Solutions

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/