Calypso Technology Opens New Office in Toronto

San Francisco, June 19, 2014 — Calypso Technology, Inc., a leading provider of cross-asset front-to-back technology solutions for financial markets, announced today that it has opened a new office in Toronto, Canada. Located centrally in the Toronto Financial District, the new office will serve as asales, support and professional services hub for Calypso’s growing portfolio of customers in Toronto and other regions in Canada.

“Our operating model has always been to provide local or regional support to customers where feasible. This approach enables us to be more responsive and achieve economies of scale by leveraging local knowledge and skills,” states Charles Marston, Chairman and CEO of Calypso. Calypso today operates five locations in the Americas and 20 offices worldwide serving its more than 170 customers in 70 countries.

Calypso’s customers in Canada include some of the largest banks including Toronto Dominion Bank, who has been a customer for more than a decade.

Calypso Takes Leader Position in TABB Group’s Assessment of New Risk Tools for the Buy Side

• Calypso recognized as a leader based on responsiveness and product coverage

San Francisco, June 02, 2014 — Calypso Technology, Inc., a leading provider of cross-asset front-to-back technology solutions for financial markets, today announced that the TABB Group has recognized Calypso as one of the leaders in its assessment of new risk systems for the buy side.

This finding was presented in TABB’s recent research report, “Margin Call: New Risk Tools for the Buy Side,” in which 50 buy side firms were interviewed, including large and medium-sized asset managers, hedge funds, banks and insurance companies.

“The leaders were chosen based on completeness of product offering and speed of innovation in responding to changes in the capital markets. We view these critical aspects of delivery as key differentiators in the front-to-back office system space,” states Sol Steinberg, principal of OTC Partners, who co-authored the report.

The report explains that “In a collateral-hungry world, the ability to anticipate, source, deliver and reconcile funding requirements in real time will prove essential. Historically, dealing with margin management was a reactive function conducted at the end of the trading cycle. Today, the buy side is upgrading its technology to deliver a holistic, front-to-back view of their global collateral assets so they can explore multiple sourcing and funding options in real time."

Post financial crisis, the Calypso solution has been ahead of the curve in providing innovative solutions to keep pace with the changing regulatory landscape, particularly around OTC trading. Calypso’s aim is to keep on designing innovative tools so that both sell side and buy side firms can modernize their core trading and risk functions while optimizing funding and collateral, and reducing operational costs.

“We are extremely proud of this recognition by the TABB Group as a leader in new risk tools for the buy side,” claims Charles Marston, Chairman and CEO of Calypso Technology. “Our mission since inception has been to be the leader in capital markets technology. This result is validation of our commitment to our customers and our ability to continuously innovate and address relevant issues that the market is facing."

Calypso Selected by Banque de France and Banco de España as Central Bank Capital Markets Operations System

• The two central banks select Calypso to support their capital markets operations including FX exposures, portfolio management, reserve management, risk management, collateral and accounting

San Francisco, April 02, 2014 — Calypso Technology, Inc., the leading integrated capital markets platform provider, announced today that two European central banks, Banque de France and Banco de España, have jointly selected Calypso as their core treasury and trading system. The institutions will implement the Calypso system to manage their FX activities, portfolio management, reserve management, collateral management, risk management and accounting.

Both Banque de France and Banco de España initiated the Market Activities Processing System (“MAPS”) project in 2013 to replace legacy systems. Banque de France and Banco de España sought out a flexible solution that could enable greater coordination and efficiencies across all bank functions, from front office to accounting, including foreign exchange reserve management and portfolio management.

After a restricted tender process, the two central banks selected Calypso in light of its strong technical fit, cross asset end-to-end functionality and ability to support capital markets operations of multiple central banks on one single platform, shared as a common system, while fulfilling strict data segregation requirements.

The Calypso solution will support FX and FX derivatives, fixed income, money market instruments, interest rate derivatives, credit derivatives, precious metals and equities seamlessly from pricing and portfolio management to collateral management and accounting.

Calypso Professional Services will implement the Calypso system at Banque de France and Banco de España to ensure complete management of market operations.

As Calypso Chairman and CEO Charles Marston explains, “We look forward to enabling Banque de France and Banco de España to achieve their business objectives and furthering Calypso’s position as a trusted partner to central banks and sovereign institutions around the globe. We expect that other central banks both within the Eurozone and worldwide will closely monitor this endeavor.”

Banque de France and Banco de España are the most recent additions to Calypso’s roster of central bank or sovereign institution customers, which include the Hong Kong Monetary Authority and the Bank of Korea.

Calypso Demonstrates 5X Performance Improvement with Oracle Exadata Database Machine

• Calypso Achieves Oracle Exadata Optimized Status

San Francisco, March 05, 2014 — Calypso Technology, Inc., a leading integrated capital markets platform provider, today announced that Calypso version 14 has achieved Oracle Exadata Optimized status through Oracle PartnerNetwork (OPN). This demonstrates that the Calypso platform has been tested and tuned with Oracle Exadata Database Machine and Oracle Linux to deliver speed, scalability and reliability to capital markets customers.

Calypso is a highly scalable solution, designed to operate efficiently on standard hardware as well as achieve extreme performance on engineered systems such as Oracle Exadata. “In simulations of data-intensive straight through-processing tasks, we achieved performance gains of up to 500% using Exadata hardware. Additionally, we saw a 2.8- times faster data injection rate which allows customers to easily scale and manage increasing volumes in a short amount of time^[1]. This is a significant advantage that the Calypso architecture provides to our customers,” stated Tej Sidhu, SVP- Engineering and Chief Technology Officer at Calypso.

“Customers who are faced with the challenges imposed by growing volumes and complexity and are seeking to lower overall cost of ownership through consolidation benefit from this collaboration,” Sidhu added.

Calypso is a Gold level member of Oracle PartnerNetwork. Oracle Exadata Optimized is part of the Oracle Exastack Optimized program which allows partners, such as Calypso, to leverage OPN enablement resources and dedicated lab environments to help develop, test and tune their applications on Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine and Oracle SuperCluster engineered systems. Oracle Exadata delivers extreme performance and is the ideal database platform for OLTP applications and data warehouses as well as the varied and unpredictable workloads of cloud computing. It is a complete package of servers, storage, networking and software that is massively scalable, secure and redundant. Oracle Linux brings the latest Linux innovations to market, delivering extreme performance, advanced scalability and reliability for enterprise applications and systems, along with worldwide, enterprise-class, low-cost support.

“Oracle Exastack Optimized recognizes partners who have optimized their solutions on a complete, integrated and cloud-ready infrastructure in order to help them accelerate innovation, unlock new features and functionality, and deliver superior value to users,” said David Hicks, Vice President, Worldwide ISV, OEM and Java Business Development, Oracle. “By achieving Oracle Exadata Optimized status, Calypso has demonstrated that Calypso version 14 is tested and tuned to work with Oracle Exadata Database Machine to help deliver optimal performance, scalability and reliability to customers.”

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^[1]Calypso version 14 tested on 1Ž4 rack Oracle Exadata Database Machine X3-2 versus acomparable 32-bit X86 system with 64GB RAM.

About the Oracle Exastack Program

The Oracle Exastack program helps enable Independent Software Vendors (ISVs) and other members of Oracle PartnerNetwork (OPN) to rapidly build and deliver faster, more reliable applications. Leveraging the Oracle Exastack program, qualifying OPN members have access to Oracle performance experts and dedicated labs for testing and tuning their applications on Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine and Oracle SuperCluster. Customers can be confident when selecting Oracle Exastack Optimized applications that they are supported, and have been tested and tuned with the goal to achieve optimal performance, scalability and reliability. Also part of the program, Oracle Exastack Ready is dedicated to helping ISVs run their solutions on the latest major release of Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine, Oracle SuperCluster and their component products, including Oracle Database, Oracle WebLogic Server, Oracle Solaris, Oracle Linux and Oracle VM. These products provide partners with a lower cost and high performance infrastructure for database and application workloads across on-premise and cloud based environments. With an Oracle Exastack Optimized or Oracle Exastack Ready status achievement, partners will receive access to corresponding Oracle branding, logos and related benefits to effectively differentiate their offerings. To find out more, visit http://www.oracle.com/partners/goto/exastack.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more, visit http://www.oracle.com/partners.

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JSCC Launches New Client Clearing Service Using Calypso Technology

• Japan Securities Clearing Corporation (JSCC) goes live with the Calypso system for client clearing of JPY interest rate swaps and collateral management

Tokyo, February 26, 2014 — Calypso Technology, Inc., the leading integrated capital markets platform provider, today announced that Japan Securities Clearing Corporation (JSCC), a member of the Japan Exchange Group, has gone live with the Calypso system for client clearing of JPY interest rate swaps (IRS) and collateral management.

Ahead of the mandate expected in 2014, JSCC launched its voluntary client clearing service with the support of the Japanese dealer community. Dealers who have signed up to offer client clearing include Citi, Mizuho, Morgan Stanley MUFG, Nomura and RBS. JSCC’s new client clearing service includes drip-feed clearing (near real-time), real-time integration with members and affiliates for clearing status, request for consent and collateral deposit/withdrawal. The enhanced service covers clearing of both amortized swaps and accreting swaps.

The Calypso collateral management system will enable JSCC to provide real-time headroom checks on segregated accounts. By segregating clients’ accounts from member banks, JSCC provides additional security to accounts, reducing their counterparty risk. JSCC is one of the first clearing houses globally to offer this service.

Takeshi Hirano, Director, Strategic Planning Head, OTC Derivatives Clearing Service, JSCC, commented, "The launch of our client clearing service is an essential step for JSCC in expanding its service line in OTC derivatives clearing. Calypso's state-of-art technology and flexible platform has significantly contributed to our smooth migration from the current dealer-to-dealer environment to accommodate the wider range of customer services."

“Calypso is thrilled to be working with such an innovative client on their continued expansion into the OTC derivatives clearing services,” explained Charles Marston, Chairman and CEO, Calypso Technology. “Calypso continues to grow in the OTC derivatives clearing space, enabling our clients to meet both regional and global requirements.”

JSCC has expanded their usage of the Calypso clearing solution over time, starting with the launch of CDS index clearing for member firms in June 2011. In October 2012, the firm added IRS clearing services for its participants.

About Japan Securities Clearing Corporation

In January 2003, Japan Securities Clearing Corporation (JSCC) was licensed as the first clearing house in Japan to conduct the current Financial Instruments Obligation Assumption Service and commenced clearing services for transactions executed on Japanese stock exchanges. The birth of JSCC led to dramatic improvements in the efficiency and serviceability of the securities market by consolidating the clearing services that used to be performed separately by individual stock exchanges.

Recently, JSCC has extensively expanded its clearing services, starting with the launch of CDS (Credit Default Swap) clearing in July 2011, as well as the launch of IRS (Interest Rate Swap) clearing in October 2012. In February, 2013, the scope of eligible IRS clearing was further expanded. Also, in July 2013, JSCC commenced the clearing for Osaka Stock Exchange-listed derivatives transactions. Upon the merger with JGBCC (Japan Government Bond Clearing Corporation) in October 2013, JSCC started OTC JGB clearing, making the range of its clearing services even wider.

Calypso Interfaces to DTCC GTR for EMIR Reporting

San Francisco, February 03, 2014 — Calypso Technology, Inc., the leading integrated capital markets platform provider, today announced the release of an interface to the DTCC’s Global Trade Repository service (GTR) for EMIR (European Markets Infrastructure Regulation) reporting. DTCC’s Global Trade Repository service (GTR), which is one of the six TRs approved by the European Securities Markets Association, offers regulators unprecedented transparency into the $650 trillion OTC market.

The Calypso product is released in advance of the February 12, 2014 deadline for EMIR trade repository reporting for all asset classes. The module is an extension of Calypso’s cutting edge OTC Clearing Solution for CCPs, clearing members and derivatives end users. It builds on Calypso’s DTCC GTR for Dodd-Frank reporting on OTC derivatives, delivered in 2012, for interest rate and credit derivatives as well as FX products. Key functionalities featured include intraday reporting of new trades, reporting of lifecycle events and price reporting (valuation). 

“Calypso is helping our customers adapt to the dynamic requirements governing OTC derivatives today across diverse geographies and markets,” states Charles Marston, Chairman and CEO of Calypso. “We are delighted to be working with market leaders such as the DTCC to bring industry standard services to our customers in a seamless manner.”

“As our strategic partner since 2005, Calypso enables UniCredit to react to the requirements of clients and regulators,” states Lorenz Engel of UniCredit Business Integrated Solutions, IT provider of UniCredit group. “The financial crisis altered the way we conduct OTC transactions today and the landscape in which we compete. Calypso gives us the agility to meet all markets shifts in terms of conventions and regulations. Together with Calypso we were able to implement Dodd Frank and EMIR reporting for UniCredit as well as for clients delegating their reporting to UniCredit.” 

“DTCC is committed to helping establish a robust, comprehensive reporting infrastructure for the derivatives market globally.  We work with innovative third party service providers like Calypso to build connectivity to our repository services, helping our mutual clients meet regulatory mandates in Europe and globally,” says Stewart Macbeth, CEO, DTCC Derivatives Repository Limited.