Calypso Technology Wins Best Achievement in Derivatives Automation Award from Financial Technologies Forum

• Firm is recognized for innovation in derivatives automation and major breakthroughs made in central clearing initiatives

San Francisco, April 26, 2011 — Calypso Technology Inc., the global capital markets platform provider, today announced that Financial Technologies Forum, LLC (FTF) has named Calypso as winner of Derivatives Operations in the Best Achievement in Derivatives Automation category of its inaugural FTF News Technology Innovation Awards.

The awards program recognizes financial technology providers and thought leaders in the industry that have shown outstanding innovation in financial technology, particularly in the area of operations. Calypso was chosen as the top derivatives automation provider following a competitive voting process that was open to financial services firms, third parties and industry peers.

Over the last few years, Calypso has been first to market in bringing notable developments in OTC derivatives automation to the industry, including the Calypso OTC Clearing solution that enables clearing members to clear and process OTC derivatives products across numerous exchanges and clearinghouses. Calypso also powers the Central Counterparty Clearing platforms for some of the world’s largest derivatives clearing houses, including the CME, Singapore Stock Exchange and Eurex.

“The editorial team put a lot of careful thought and effort into considering nominations and into the final voting processes,” says FTF founder Maureen Lowe. “FTF always strives to address the central and most topical concerns of the financial technology industry and this is reflected in our events as well as in our online publication and awards. By setting an example, the nominees and winners are moving the industry forward and paving the way for a better future.”

Nominations were open to all eligible participants and were reviewed by an editorial team consisting of industry veteran Holly Miller, partner and co-founder of Stone House Consulting, Eugene Grygo, editor of FTF News and the FTF News editorial team. Award winners were announced at the FTF’s 4th Annual Hedge Fund Operations & Technology conference.

“We are delighted that Calypso has been recognized by FTF for derivatives automation. Since inception, Calypso has brought true innovation and cutting-edge technology to the derivatives industry and this award is a testament to that effort. As the derivatives market undergoes change with central clearing initiatives and swaps legislation, we continue to research and develop solutions to provide our clients with automation and efficiency,” comments Charles Marston, CEO of Calypso Technology.

About Financial Technologies Forum, LLC
Financial Technologies Forum, LLC (FTF) is a leading provider of executive-level events and training focused on trends and initiatives in securities trading and operations. Their global client base consists of senior level securities professionals from over 30 countries.

Their online newsletter offers a global interactive community where professionals can find original editorial content, daily news, in-depth analysis and industry research.

Their news content enhances their offering of events and training with timely coverage that reflects our market focus on clearing & settlement, corporate actions processing, risk management, performance measurement, reconciliation & exceptions management, regulation & compliance, derivatives operations, hedge fund operations and enterprise operations. For more information, visit www.ftfnews.com.

KB Kookmin Bank Goes Live with Calypso For Comprehensive Cross-Asset Support

San Francisco, April 04, 2011 — Calypso Technology Inc., the global capital markets platform provider, today announced that KB Kookmin Bank (KB), South Korea’s largest bank by asset value and market capitalization, has gone live with the Calypso system to support its Capital Markets business, including trading and risk management of derivatives, treasury, and collateral management.

KB was looking for a single cross-asset front- and middle-office platform to rationalize and standardize an existing complex and siloed infrastructure across multiple branches, which was making maintenance costly and labor-intensive. In an increasingly competitive environment, the bank needed to be able to manage trading, positions and risk across its complete range of treasury, cash and derivatives products on an integrated system to achieve enhanced transparency, efficiency and responsiveness. It was a further requirement that the system was expansive and scalable to support future growth.

KB’s vision to become a regional leader in derivatives moved them to select the Calypso system for its broad asset class coverage, robustness, and flexibility that will allow integration with its proprietary and third party data feeds and pricing models. The new capital markets platform from Calypso Technology supports increasing trade volumes and diversifying asset-classes.

Kim, Don Kyu, Deputy General Manager, KB Kookmin Bank, commented, “With Calypso Technology’s modern, flexible and scalable platform in place, we will be able to expand and grow into new and important areas of business. We now have a great opportunity to become a regional leader in derivatives, made possible due to Calypso Technology. We look forward to working with Calypso and are excited by the benefits that will immediately favour us.”

The functionalities of the Calypso system range from deal capture, desk-level risk and processing (trade lifecycle workflows) to position and risk analysis. With the new platform, a total of fourteen asset-classes will be covered such as FX cash and options, money market, fixed income, credit and interest derivatives, and collateral management.

“This project with KB Kookmin Bank, South Korea’s largest bank, further underscores Calypso Technology’s work in the East Asian markets and our expertise in cross-asset coverage, particularly branching into collateral management,” commented Charles Marston, CEO and chairman, Calypso Technology. “We are delighted to be working with KB Kookmin Bank and assisting them as their business develops.”

About KB Kookmin Bank
Kookmin Bank was incorporated in 1962 as Citizens National Bank (Kookmin is translated in English as Citizens National) as a government-owned commercial bank limited to providing banking services to private customers and to small- and medium-sized businesses. In 1995 the bank was privatized and changed its name to become Kookmin Bank. Meanwhile, the government's stake in the bank dropped to under 24 percent. Finally Kookmin merged with H&CB (Housing and Commercial Bank) in April 2001 to form the new KB, a powerhouse employing about 26,000 people and listed on the New York and Korea stock exchanges.

Today, in addition to its full range of consumer banking services, the bank provides corporate lending, investment services to its traditional small- and medium-sized business base, plus large-scale corporate clients.