Calypso Interfaces with Tradeweb Markets SEF

• Extension of Calypso End-User Clearing solution to support SEF connectivity, ensuring mandatory SEF execution compliance

San Francisco, CA – December 11, 2013 — Calypso Technology Inc., the leading integrated capital markets platform provider, today announced the extension of its over-the-counter (OTC) clearing solution for end-users to support Swap Execution Facility (SEF) connectivity. As a first step in providing derivatives end-user clients access to SEFs for derivatives trading and execution compliance, Calypso is interfacing with TW SEF from Tradeweb Markets, the leading global provider of fixed income and derivatives marketplaces, to offer an out-of-the-box request-for-quote (RFQ) and order book integration solution.

With mandatory SEF trading projected in February 2014, Calypso sought to give its clients the ability to automate cleared swap execution.  SEFs were mandated to be compliant with Dodd-Frank rules on October 2, 2013.  Calypso added this functionality into its OTC End-User Clearing solution, using the flexible architecture of the Calypso platform that allows addition of asset classes, clearing functionality and interfaces to help clients keep in step with regulation.

This extension of the Calypso solution ensures clients will have direct connectivity between Calypso and Tradeweb Markets’ TW SEF for Interest Rate Swaps and Credit Default Swap Indices. The platform supports straight-through-processing for clearing workflows and prevents double entry of trade details. Features of the interface include:

- Connectivity between Calypso and Tradeweb via FIX Messages

- Trade execution via Tradeweb and seamless integration to Calypso

- Trade novation through Calypso triggered by cleared messages from Tradeweb

- Support for Tradeweb’s RFQ system and fully disclosed order book

- Ability for block trading both above and below the mandatory notional clearing threshold; block trades above the threshold are still mandatory for SEF processing

“We’re excited to be among the first in the market to offer our clients this support for SEF trading and execution with Tradeweb Markets,” said Charles Marston, Chairman and CEO of Calypso. “Derivatives end users look to Calypso during these times of dynamic change in the derivatives trading landscape. More than ever, financial organizations require workflow efficiency, aggregation of trading, processing and clearing on a single platform, greater compliance and risk management as they seek to adapt and benefit from the new derivatives market structure.”

“Tradeweb is a global leader in providing institutional investors with efficient, flexible access to liquidity in the evolving derivatives marketplace,” said Billy Hult, President of Tradeweb Markets. “By integrating with partners like Calypso, we can continue to deliver a seamless electronic end-to-end workflow that reduces manual entry errors and increases productivity.”

Hong Kong Exchanges and Clearing Limited’s New CCP, OTC Clear, Clears First OTC Derivatives Trade Using Calypso Technology

• Central Counterparty, OTC Clear, now live on Calypso OTC Derivatives Clearing, Risk Management & Collateral Management

Hong Kong – December 4, 2013 — Calypso Technology Inc., the leading integrated financial markets platform provider, today announced that OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), cleared its first OTC derivatives transaction using Calypso’s CCP OTC clearing solution when it commenced business on 25th November 2013.

OTC Clear, whose 12 founding shareholders include five mainland Chinese banks, selected Calypso as the system to provide end-to-end OTC clearing, processing and risk management of interest rate swaps and FX non-deliverable currency forwards.OTC Clear is also the first clearing house to employ Calypso’s collateral management module to handle and process collateral with its clearing members.

The success of the recent go-live, where the first trade cleared was a non-deliverable Renminbi 7-day repo swap, highlights the evolving market structure of Hong Kong as a key financial center and will further leverage Hong Kong’s position as the premier offshore Renminbi center.

OTC Clear’s selection validates Calypso’s experience and strong global track record delivering and implementing CCP clearing solutions.

“In looking for a partner, we wanted a provider who had deep experience in implementing OTC clearing technology and who fully understood our business and our position as a financial hub for the Renminbi-denominated products in the OTC marketplace,” said Gerald Greiner, Global Head of Clearing at HKEx.

“We are thrilled to be working with such an important organization in the Chinese and APAC marketplace,” said Charles Marston, Chairman and CEO of Calypso. “Our work with HKEx reinforces our position as a leading technology provider for the global OTC markets. We look forward to the continued success of the partnership with HKEx and further establishing Calypso as the world’s trusted clearing solutions provider.”