Calypso Appoints David Little to Head Securities Finance Division

• Mr. Little, formerly of Rule Financial, brings 20 years of IT development experience to Calypso

San Francisco, January 24, 2011 — Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, clearing houses and corporate treasuries, today announced that David Little has joined the company as Director of Strategy and Business Development. David will primarily be responsible for identifying new opportunities for development and growth in Securities Finance and Collateral Management for Calypso Technology.

Post credit crisis, there has been a focus on achieving more efficient use and better management of collateral, and greater coordination of securities lending activities with other financial transactions. Today, the market demands an integrated cross asset solution that manages cash and securities positions while also handling trading, risk and operations. Calypso has unique advantages in addressing this market due to its broad asset coverage, full front-to-back processing with advanced workflow and comprehensive risk management. David Little will drive innovation for Calypso’s securities finance solution, working closely with the company’s product managers and sales organization.

David Little brings over 20 years experience and expertise in IT development to Calypso Technology. He was previously a Partner at Rule Financial, a leading consultancy headquartered in London, where he founded, led and expanded the Securities Finance business unit. Before moving into financial technology in 1997, Mr. Little worked at ICL, where his projects included developing and implementing a secure Office Automation product for the Ministry of Defense in the UK. He began his career as a geophysicist working in oil exploration, where he gained experience in software engineering, as well as data acquisition and data processing techniques. Mr. Little is a graduate of the University of Exeter, from which he holds a BSc (Hons.) in Engineering Science.

David Little remarked, “I am very excited to bring my securities finance expertise to Calypso. With their first-class technology offering, Calypso is already one of the most well-known and trusted names in the industry, primed for continued growth. I am excited to come on board to work with the smart, dedicated and visionary people on the Calypso team.”

Kishore Bopardikar, President of Calypso said, “With his decades of experience and excellent reputation in the Securities Finance space, David is a tremendous asset for Calypso. We are truly delighted to have him join our organization.” Mr. Bopardikar continued, “Calypso is intensely committed to Securities Finance and bringing David on board will give us the competitive edge and business savvy to rapidly expand in that area.”

Calypso Technology Appoints Chris Zingo to Head Global Sales Efforts

New York, January 11, 2011 — Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, clearing houses and corporate treasuries, today announced the appointment of Chris Zingo as Senior Vice President of Sales. Chris brings with him a wealth of experience in sales at leading financial services solutions providers.

Chris joins Calypso Technology from SuperDerivatives where he was Senior Vice President of Sales & Support. While there, he was instrumental in the development of strategy, structure and talent in the Americas, facilitating a significant double-digit growth rate throughout his tenure. Prior to that, he was Managing Director of North American Sales at Thomson Reuters, where he was responsible for various senior management roles, including leading the Corporate Services Division to record growth in 2007, and integrating the institutional sales divisions into customer-centric verticals across Asset Management, Sales and Trading, Transaction Services, & Wealth Management. Chris joined Thomson Reuters from Bloomberg where as Vice President of Sales, he managed top-performing regional sales divisions.

As SVP of Sales, Chris will be responsible for the overall sales strategy for the company, managing the Regional Sales Managers in Europe, North America, and Asia-Pacific. He joins the company at an important and opportune time in the company’s growth. A major part of his role will be to develop and drive the strategy that will enable Calypso to continue, since inception, its consistent growth in revenue, customers and employees. To this end, his stated mandate will be to instill a culture of execution, learning and discipline that will enable the company to leverage its scale and depth across geographies. Chris will report directly to Calypso President Kishore Bopardikar.

“I’m excited to be joining Calypso,” comments Chris. “The firm has an impressive track record of success and I believe it is well positioned for deeper market penetration and growth. I’m looking forward to helping to expand our sales efforts across the globe, especially in new regions where there is an acute need for a solution like ours.”

Mr. Bopardikar says, “We have an aggressive and focused vision to be the provider of choice to the world’s leading financial institutions. Calypso delivers leading-edge technology, unparalleled support, and access to the market’s most experienced technology experts. As part of this goal, we’re committed to bringing on top talent and Chris is one of these people. He brings passion, dedication, and experience with him and we’re pleased to have him on board.”

CME Group Uses Calypso Technology’s Solution for Central Counterparty Clearing of OTC Derivatives

San Francisco, January 04, 2011 — Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, clearing houses and corporate treasuries, today announced that the CME Group is using the Calypso System to support OTC derivatives processing for clearing interest rate swaps.

On Oct 18th, 2010 the CME Group launched its OTC interest-rate swaps clearing solution. The Calypso Platform is one of the components of the CME Group’s new offering that allows members to clear OTC derivatives trades. CME Group has also implemented the Calypso system’s limits functionality, which enables the clearing members to control and manage intra-day risk.

Michael O’Connell, Managing Director CME Clearing Solutions comments, “We looked at a number of third-party solutions in the market, seeking out a partner that had deep expertise in the OTC derivatives markets. It was essential that the provider was one who could demonstrate an understanding of what we wanted to accomplish and a vision of how to realize our goals. Calypso’s support of our interest rate swap clearing solution enables us to continue to bring safety and soundness to the market.”

“Given the current regulatory initiatives designed to improve financial stability, we are going to see a fundamental shift in the OTC derivatives market toward the clearing of standardized OTC derivatives on exchanges. The establishment of CME Clearing’s new offering is an integral part of this evolution,” comments Charles Marston, CEO of Calypso Technology. “Our work with CME Group is a testament to our central role in this new era of OTC derivatives trading.”

Calypso Technology has also launched a solution for clearing member firms that facilitates automated trade connectivity with the clearinghouse, workflow management, reconciliation of a member’s positions with the clearinghouse, OTC derivatives valuation, as well as credit risk and collateral management to enhance straight-through-processing. It enables member firms to offer differentiated services to their clients. The Calypso system also replicates clearinghouse margin calculation methodology and performs what-if testing to evaluate the impact of margin on a trade prior to physical clearing.