- Derivatives trading brings competitive advantage
- Ease of implementation allows rapid utilization
Tokyo, October 28, 2009 – Calypso Technology, Inc, a global application software provider of an integrated trading and risk management application suite to the capital markets industry, announced today that Shinhan Bank, a leading Korean commercial bank, has gone live with the Calypso platform for derivatives trading in the front office.
Shinhan Bank identified an opportunity in credit risk hedging and derivatives trading, and was looking for a best-of-breed solution to support the launch of its new business segment. After a thorough selection process, the bank chose Calypso for its ease of implementation and front office functionalities, in addition to Calypso’s expertise and support in this area. Calypso’s flexibility and scalability were also key decision factors as the bank searched for a system that was capable of covering different asset classes, could cope with rapid business growth, and adapt quickly to market requirements and changes.
Ham Tae-Gyu, Credit Derivative Trader, Shinhan Bank, commented, “The Calypso solution is a perfect match for Shinhan Bank’s ambition to bring innovative products to the market, which has always been our competitive edge. The decision to implement Calypso has enabled our firm to remain ahead of the curve by evolving our technology to support our business needs and to achieve our goals.”
Charles Marston, Chairman & CEO, Calypso Technology, added, “Asia Pacific is an important region for Calypso. Our successful partnership with Shinhan Bank shows our commitment to working closely with clients to deliver innovative solutions. Our localized teams ensure all our clients received the highest level of service and support from start to finish.”
About Shinhan Bank
Shinhan Bank is one of the 3 largest commercial banks in Korea. It belongs to Shinhan Financial Group. The equity value of the group is 23 billion USD placing the group the 6th largest listed company in Korea Stock market.
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