- Unprecedented Capital Markets Integration
San Francisco, May 05, 2011 — Calypso Technology Inc., the global capital markets platform provider, today announced the release of Calypso Version 12 of its cross-asset front-to-back office platform.
Calypso v12 is equipped for Dodd-Frank and other market structure changes that are demanding stronger control over trading and risk. It is a market-driven release designed to permit institutions to adapt to new requirements effectively and efficiently.
Over $40 million in R&D has been invested by the company over the past year to develop Calypso v12. Development of the world’s first cross-asset OTC derivatives central clearing solution - now live at exchange clearing houses in Europe, Asia and the Americas - has paved the way for Calypso’s continued capital markets leadership with Calypso V12.
The new release improves on best practice standards with stronger seamless integration across asset classes and between functional layers. It also builds on Calypso Technology’s growing status as a single-source-of-truth for capital markets firms seeking to consolidate previously siloed businesses.
“We’re starting to see real interest and demand in cross-asset-class trading and risk management systems in global capital markets driven by a multitude of factors. Cross-asset class functionality is not only a facility to capture transactions in different asset classes, but also includes the ability to provide integrated analyses - P&L, sensitivities, scenario analysis, stress testing - across all asset classes in an integrated, coherent manner," states Dushyant Shahrawat, CFA , Senior Research Director at TowerGroup, a Corporate Executive Board Company.
Calypso v12 is faster. Processing rates, data handling speeds and functional performance have been substantially increased through improvements and tuning of platform infrastructure. The result is significantly increased trading capacity and higher straight-through processing (STP) performance.
Calypso v12 is easier to deploy. Tangible gains in ease and speed of deployment have been achieved with automated configuration tools, improvements in implementation methodology and expansion of Calypso Fast-Track.
“Calypso’s job is to keep our customers in the lead. Calypso v12 is focused on doing just that.” says Charles Marston, CEO and Chairman of Calypso Technology. “We’re providing the best solutions for the intense challenges that our customers and the market are facing”.
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