Wednesday, October 31, 2012

Calypso OTC Clearing and Processing Solution Wins 2012 Financial News Trading and Technology Award for Best Post-Trade Risk Management Product/Service


  • Recognized across industry for breakthroughs in OTC clearing
San Francisco, October 31, 2012 — Calypso Technology Inc., the global capital markets platform provider, has been named the 2012 Best Post-Trade Risk Management Product/Service by Financial News. The annual Financial News Awards for Excellence in Trading & Technology recognize standout achievements by firms in the global financial markets. Calypso Technology was awarded for its breakthroughs in OTC derivatives clearing and processing.


The Calypso systemis used by the majority of the world’s CCPs clearing OTC interest rates, credit derivatives and FX products. Calypso Technologyalso provides capital markets firms and FCMswith the solution that offers ease in launching OTC clearing and collateral services in an environment of continued derivatives regulatory reform and market structure changes.
“The R&D we put into staying ahead of OTC derivatives market changes continues to empower our client base, allowing them to transform the change into new business opportunities around OTC clearing,” says Sanela Hodzic, Director of Strategy and Business Development at Calypso Technology. “We thank our client community and the industry for recognizing Calypso’s commitment to innovation. Our work is far from over. We continue to work closely with the market to address emerging industry challenges in clearing such LSOC regulation, cross-product margining, collateral and liquidity optimization as well as clearing of additional products such as FRAs and FX NDFs.”
In 2012, Calypso Technologyhas been recognized by multiple industry publications for its innovations in OTC derivatives clearing and processing, for its work with exchanges, buy-side and sell-side market participants.Calypso was also voted as the #1 provider for clearing in the Asia Risk Technology Rankings and won the 2012 Financial Technologies Forum award for Most Efficient Solution for OTC Derivatives Reform.

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