San Francisco, CA and Charlotte, NC, 06 February 2001 – Calypso Technology, Inc. and First Union Corporation announced today that First Union's Fixed Income Derivatives division is now live on the Calypso trading and processing system.
"In our business, innovation is the key to profitability. We wanted to speed up the process of taking a new product from concept to production," said Stuart Adams, head of Fixed Income Derivatives Trading at First Union. "We chose Calypso because it provides a framework that we use to add new products rapidly front-to-back. Since Calypso provides all the market standard functionality, our IT team is free to focus on issues that add value to our business. For example, we've developed proprietary analytics that we can plug into Calypso easily."
As well as providing the flexibility First Union needed, Calypso's 100% Java architecture allows the division to achieve straight-through processing (STP) for all the products it trades.
"STP requires automated flow of information between people and departments," said Thold Gill, head of Fixed Income Derivatives for First Union. "Calypso processes in real-time so people are aware of events-new trades, amendments, and so on-as they occur. This gives us much better control of how we do our business, and the quicker access to information has benefits beyond just control. Our marketers can be more efficient with client information like trades, advices, and special instructions readily available."
A longtime Sun Microsystems customer, First Union is deploying Calypso on a Sun EnterpriseTM E420R server running the SolarisTM Operating Environment. The implementation is proceeding in stages. A number of instruments are already processed on Calypso and they expect to transfer the remaining positions in the next few months.
"First Union's experience shows that Calypso is a highly flexible derivatives solution," stated Charles Marston, CEO of Calypso. "It also validates our cross-asset strategy. First Union is using the system for interest-rate derivatives. Other customers are implementing Calypso for foreign exchange, bonds, and equities."
About First Union
First Union (NYSE:FTU), with $254 billion in assets and stockholders' equity of $15 billion at December 31, 2000, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and full-service brokerage offices in 46 states. Online banking products and services can be accessed through http://www.firstunion.com/.
Sun, Sun Microsystems, the Sun logo, Java, Sun Enterprise and Solaris are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.
Tuesday, February 6, 2001
Friday, December 31, 1999
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2013 Press Releases
- Calypso Interfaces with Tradeweb Markets SEF
San Francisco – 11 December 2013 - Hong Kong Exchanges and Clearing Limited’s New CCP, OTC Clear, Clears First OTC Derivatives Trade Using Calypso Technology
Hong Kong – 4 December 2013 - Calypso Technology Expands Offices in Santiago, Chile
San Francisco – 22 November 2013 - Calypso Technology Wins Asia Risk’s Technology Development of the Year Award for 2013
Singapore – 31 October 2013 - Australian Securities Exchange Goes Live with Calypso Technology
Sydney – 17 September 2013 - Calypso Technology Opens Office in Dubai
San Francisco – 16 September 2013 - Japanese Banks Focused on Operationally Readiness for OTC Client Clearing
Tokyo – 14 August 2013 - COMDER Selects Calypso to Power New Chilean OTC Derivatives CCP
San Francisco – 23 July 2013 - Riyad Bank Chooses Calypso for Front-to-Back-Office Support
London – 09 July 2013 - Bank of Korea Goes Live with Calypso’s Integrated Asset Management Solution
San Francisco – 11 June 2013 - Calypso Technology is First Financial Technology Company to Achieve ISO 9001 TickITplus Certification
San Francisco – 10 June 2013 - Calypso Technology Opens Office in Beijing
Beijing – 23 May 2013 - Otkritie Securities Goes Live with Calypso Technology
London – 30 April 2013 - IndusInd Bank Selects Calypso for Full Front-to-Back Office Treasury Solution
Mumbai – 25 April 2013 - Israel’s Bank Leumi Selects Calypso Technology for Full Capital Markets Support
London – 8 April 2013 - Calypso Technology Opens News Office in Madrid
San Francisco – 25 March 2013 - David Kelly Joins Calypso Technology as Director of Financial Engineering
San Francisco – 19 February 2013
2012 Press Releases
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London, UK, November 27, 2012
- Calypso OTC Clearing and Processing Solution Wins 2012 Financial News Trading and Technology Award for Best Post-Trade Risk Management Product/Service
San Francisco, CA – October 31, 2012
- Japan Securities Clearing Corporation Launches New IRS Clearing Service Using the Calypso System
San Francisco, CA – October 30, 2012
- Calypso Technology Launches Basel III Solution for Liquidity Management
San Francisco, CA – October 29, 2012
- Calypso Technology Names Jonathan D. Walsh SVP & Chief Human Resources Officer
San Francisco, CA – October 24, 2012
- Banco Penta Selects Calypso Technology for Front-to-Back Office Processing of Currency and Interest Rate Derivatives
San Francisco, CA – September 25, 2012
- EADS goes live with the Calypso System for Treasury and Risk Management
San Francisco, CA – July 10, 2012
- Renaissance Capital Goes Live on Calypso
San Francisco, CA – July 02, 2012
- Calypso Partners with AcadiaSoft’s MarginSphere to Enrich Collateral Management Capabilities
San Francisco, CA – June 19, 2012
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San Francisco, CA – May 17, 2012
- Pierpont Derivatives LLC Launches Swaps Trading Business Using the Calypso System
San Francisco, April 10, 2012 - Calypso Technology Tops $200 Million in Revenue in 2011
San Francisco, March 28, 2012 - Frost Bank Goes Live on Calypso
San Francisco, March 06, 2012 - BNP Paribas Securities Services Selects Calypso for OTC Valuation Services
San Francisco, February 29, 2012 - Calypso Technology Ranks #1 in System Implementation Efficiency in 2011 Risk Magazine Technology Rankings
San Francisco, February 21, 2012
2011 Press Releases
- BTG Pactual Signs with Calypso Technology for OTC Derivatives and Securities Support
San Francisco, December 07, 2011 - Calypso Technology Wins Multiple Awards for Innovation in Technology
San Francisco, December 06, 2011 - BM&FBOVESPA selects Calypso to register and manage OTC operations
San Francisco, November 16, 2011 - Calypso Positioned in 'Leaders' Magic Quadrant for Treasury and Trading Core Systems
San Francisco, November 07, 2011 - Calypso Technology Appoints Denise Pierre as Senior Vice President of Human Resources
San Francisco, November 02, 2011 - Legacy Asset Management Company (LAMCO) Goes Live with Calypso as Central Valuation Solution
Sibos, Toronto, September 20, 2011 - Calypso Becomes Among First Cross-Asset, Front-To-Back Technology Companies to Achieve ISO9001 Certification for Global Customer Service
San Francisco, August 17, 2011 - Banco de Crédito del Peru (BCP) Selects Calypso for Front-To-Back Office, Cross-Asset Platform
New York, July 12, 2011 - Calypso Technology Launches Real-time Collateral Optimization Solution San Francisco, June 28, 2011
- Calypso Technology Releases v12 San Francisco, May 05, 2011
- Calypso Technology Wins Best Achievement in Derivatives Automation Award from Financial Technologies Forum San Francisco, April 26, 2011
- KB Kookmin Bank Goes Live with Calypso For Comprehensive Cross-Asset Support San Francisco, April 04, 2011
- Industrial Bank of Korea Goes Live with Calypso for Front Office Support San Francisco, March 28, 2011
- Calypso Technology Achieves Double Digit Growth and Profitability in 2010 San Francisco, March 23, 2011
- Calypso Appoints David Little to Head Securities Finance Division San Francisco, January 24, 2011
- Calypso Technology Appoints Chris Zingo to Head Global Sales Efforts
New York, January 11, 2011 - CME Group Uses Calypso Technology’s Solution for Central Counterparty Clearing of OTC Derivatives San Francisco, January 04, 2011
2009 Press Releases
- Tullett Prebon and Calypso Technology to Launch New Correlation Service
London, New York, November 04, 2009 - Shinhan Bank Goes Live with Calypso
Tokyo, October 28, 2009 - Calypso Expands Presence in Hong Kong
Hong Kong, September 17, 2009 - Calypso Technology Acquires Leading Treasury Solution Provider
SIBOS, Hong Kong, September 16, 2009 - Calypso Integrates Andrew Kalotay’s Financial Libraries to Provide Market-Standard Fixed Income Analytics
San Francisco, CA, July 28, 2009 - Eurex Clearing Partners with Calypso for OTC Derivatives Central Clearing
San Francisco, CA, July 24, 2009 - Calypso Releases Version 11 to Support Changes in Financial Services Industry
San Francisco, CA, July 15, 2009 - Standard Bank International Goes Live with Calypso for Cash Management
San Francisco, CA, July 6, 2009 - Mitsubishi UFJ Trust and Banking Corporation (MUTB) Goes Live on Calypso
Tokyo, London, June 17, 2009 - Macquarie Group Live on Calypso
Tokyo, June 01, 2009 - BEC Selects Calypso
San Francisco, CA, April 30, 2009 - Calypso Releases CDS Fixed Coupon Support for CDS Big Bang
San Francisco, CA, April 7, 2009 - Nordea goes live with Calypso
San Francisco, March 23, 2009 - Commissioned Study Conducted by Independent Research Firm Discovers ROI of 227% for Bank Using Calypso
San Francisco, CA, March 17, 2009 - Calypso acquires Galapagos
San Francisco, CA, February 26, 2009 - Calyon Implements Calypso for Cash Management
San Francisco, February 17, 2009 - Calypso Achieves Eighth Consecutive Year of Double Digit Growth
San Francisco, February 11, 2009 - Calypso Recognized as Industry Leader in 2008
San Francisco, CA, January 28, 2009 - Risk Management and OTC derivative systems to be key in 2009, says Calypso survey
London, UK, January 12, 2009
2001 Press Releases
- HSBC Chooses Calypso for Global Operations
15 October, 2001 - Calypso Names New Asia-Pacific GM
15 October, 2001 - Société Générale subsidiary selects Calypso for Equity Derivatives
14 June, 2001 - Dresdner Upgrades Its Processing Platform With Calypso
24 May, 2001 - Calypso Selected By Crédit Agricole Indosuez
10 April, 2001 - Calypso Goes Live At First Union Corporation
06 February, 2001
2002 Press Releases
- Dresdner Kleinwort Wasserstein Chooses Calypso for Securities Processing
04 November, 2002 - Capco and Calypso Announce Global Technology Training Program
30 September, 2002 - HSBC Goes Live on Calypso's New Credit Derivatives System
27 August, 2002 - Major European Bank Selects Calypso's Processing System
08 July, 2002
2003 Press Releases
- Wells Fargo Selects Calypso for Interest Rate Derivatives Business
01 December, 2003 - HSBC Extends Calypso Usage to Equity Derivatives
13 August, 2003 - Wachovia Goes Live on Calypso for Credit Derivatives
07 July, 2003 - Calypso Wins Overall Technology Leader Award from The Banker
04 June, 2003 - Calypso Announces Support for Linux
28 April, 2003 - DataSynapse Partners with Calypso Technology to Scale Front/Middle-office Analytics and Decision Support
18 February, 2003 - The Royal Bank of Scotland, Financial Markets to Provide Global Capital Markets Operations Processing on Calypso System.
03 February, 2003
2004 Press Releases
- Calypso Ranked Best Front to Back System for Credit
17 December, 2004 - Hedge Fund Company FrontPoint Partners Signs with Calypso
14 December, 2004 - Calypso Expands Globally with Several Key Appointments
25 November, 2004 - Industry Survey Finds System Upgrades Necessary to Support Credit Derivatives Growth
10 November, 2004 - Sumitomo Trust & Banking Live on Calypso's FX Solution
13 October, 2004 - Rand Merchant Bank Goes Live on Calypso
12 October, 2004 - Calypso Launches Enhanced FX Module to Provide Complete Automation from Client to Settlement
11 October, 2004 - TD Securities Picks Calypso for Credit Derivatives
30 September, 2004 - Wachovia Expands Calypso Use to Energy Derivatives
6 September, 2004 - NewSmith Capital Partners Selects Calypso
6 September, 2004 - Citigroup Goes Live with Calypso for Credit Derivatives Technology
1 September, 2004 - Calypso Selected by SunTrust for Derivatives Trading
19 August, 2004 - LCH. Clearnet to Use Calypso
19 July, 2004 - Calypso Becomes First Trading System to Integrate Mark-It RED
05 July, 2004 - Calypso Wins The Banker Technology Award for Second Consecutive Year
10 June, 2004 - Calypso Launches Enhanced Credit Derivatives Trading Solution
04 June, 2004
2005 Press Releases
- Calypso Ranked Among Fastest Growing Private US Companies of 2005
07 November, 2005 - Calypso Appoints Gerard Rafie as VP of Marketing
20 October, 2005 - Calypso Adds Four Prominent Executives to Board of Directors
21 September, 2005 - Calypso Launches CalypsoML
07 September, 2005 - Rabobank Goes Live on Calypso for FX Processing
06 September, 2005 - DataSynapse and Calypso Expand Partnership to Offer Pre-Integrated Grid Computing Solutions to Leading Financial Institutions
21 July, 2005 - Calypso Enables Rand Merchant Bank to Achieve an Average 70% Efficiency Gain
21 June, 2005 - Calypso Software Chosen by Bear Stearns
11 May, 2005 - SemperMacro Selects Calypso
25 April, 2005 - Calypso Launches Calypso eXSP™ Solution
4 April, 2005 - HVB Live on Calypso's FX Solution
31 March, 2005 - Calypso Increases Capacity Globally to Cater for Client Demand
22 March, 2005 - Calypso Appoints Peoplesoft Veteran Ron Codd to Board of Directors
17 March, 2005 - Calypso Builds German Presence with New Appointment
14 March, 2005 - Calypso Announces New Risk Aggregation Module
15 February, 2005 - Calypso and NumeriX Partner to Bring Advanced Analytics to Structuring Desks and Hedge Funds
7 February, 2005 - Calypso Recognized Again as Most Popular Credit Derivatives Solution
13 January, 2005
2006 Press Releases
- Calypso Launches New Cash Management Module
10 October, 2006 - Calypso Technology Expands in Asia
09 October, 2006 - Calypso Leaps Up the Inc 500 Ranking to #309 in 2006
22 September, 2006 - Calypso Announces Opening of Mumbai Office
14 September, 2006 - Calypso Launches Calypso ERS
31 July, 2006 - T-Zero Partners with Calypso Technology
24 May, 2006 - Banco Espírito Santo Selects Calypso
15 May, 2006 - Sumitomo Trust & Banking Goes Live with Calypso Interest Rate and FX Derivatives System
20 February, 2006 - Calypso Launches V8
06 February, 2006
Contact Us
Contact us at the office nearest you.
We look forward to hearing from you.
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We look forward to hearing from you.
2007 Press Releases
- Calypso Wins Financial-i Leaders in Innovation Award for 2nd Year Running
San Francisco, December 18, 2007 - Natixis Live with Calypso
San Francisco, December 5, 2007 - Constantia Privatbank Selects Calypso to Drive Capital Markets Expansion
San Francisco, November 21, 2007 - Calypso Technology Launches Calypso Fast-Track to Streamline Implementation
San Francisco, November 19, 2007 - Calypso Ranked as Leading Solution in Asia Risk Technology Survey
San Francisco, October 31, 2007 - The Master Trust Bank of Japan goes live on Calypso for derivatives processing
San Francisco, August 06 , 2007 - Landesbank Baden-Württemberg Selects Calypso
San Francisco, July 16, 2007 - Calypso Unveils Version 9.0
San Francisco, May 14, 2007 - Calypso named by Markit as First Certified Partner for Trading and Processing Solutions
San Francisco, March 26, 2007 - Erste Bank selects Calypso as strategic derivatives platform
San Francisco, March 12, 2007 - Calypso celebrates 6th consecutive year of double digit growth
San Francisco, March 1, 2007 - Calypso Technology Inc, the leading provider of capital markets trading software solutions
San Francisco, January 7, 2007
2008 Press Releases
- Calypso Technology Appoints Mark Robinson as CFO
San Francisco, December 11, 2008 - Calypso Technology Appoints Sean McDermott as Regional Head of Sales, Asia-Pacific
Singapore & Toyko, November 05, 2008 - Calypso Integrates Copp Clark Professional Calendar Definitions into Calypso Fast-Track
San Francisco, CA, September 17, 2008 - Pamplona Capital Management Selects Calypso SaaS for Credit Derivatives & Leveraged Loans
Vienna, Sibos, September 16, 2008 - Calypso Launches Second Generation of Calypso Fast-Track
Vienna, Sibos, September 15, 2008 - Calypso SaaS enables rapid expansion into new business areas
San Francisco, CA, September 10, 2008 - Marshall & Ilsley Corporation Selects Calypso to Support Trading, Risk Management and Operations
San Francisco, CA, August 19, 2008 - Calypso expands into the Nordic Market
Stockholm, June 11, 2008 - New Products and Customer Satisfaction Initiatives Launched at Calypso 2008 Customer Conference
San Francisco, CA, June 04, 2008 - Calypso Unveils Version 10 of its Trading and Risk Management Platform
San Francisco, April 16, 2008 - Emirates NBD Selects Calypso
San Francisco, CA, February 11, 2008 - Calypso Ranked as Top Solution for Credit Derivatives Second Year in a Row
San Francisco, January 9, 2008
2010 Press Releases
- Singapore Exchange successfully launches Asia’s first Central Clearing Service for OTC financial derivatives using Calypso
Singapore, November 24, 2010 - Calypso Technology offers OTC Clearing Service for Derivative Clearing Members
San Francisco, October 27, 2010 - Calypso Technology Wins the Asia Risk Award for Technology Development of the Year
San Francisco, October 26, 2010 - Tokyo Stock Exchange and Japan Securities Clearing Corporation Select Calypso for CDS Clearing Service
Tokyo, October 25, 2010 - Hong Kong Monetary Authority Signs Calypso for Trading and Treasury Management
San Francisco, August 25, 2010 - Calypso Users Highlight Vendor Ownership of Implementation as a Critical Success Factor
San Francisco, August 16, 2010 - Banco Espirito Santo Selects Calypso Technology for Front Office Derivatives Trading
San Francisco, July 06, 2010 - Calypso Technology Partners with CPqD to Expand Distribution of Calypso Products and Services in Latin America
San Francisco, June 10, 2010 - Crédit Agricole CIB Goes Live with Calypso for Global Back-Office Processing
San Francisco, June 09, 2010 - Cutwater Asset Management and Calypso Technology Partner to Deliver Innovative ALM Platform
New York, May 17, 2010 - Crédito Agricola Goes Live on Calypso
San Francisco, May 12, 2010 - Federal Home Loan Bank of San Francisco Selects Calypso
San Francisco, April 29, 2010 - Record Selects Calypso
San Francisco, April 12, 2010 - Calypso Technology Achieves 9th Straight Year of Strong Growth and Profitability
San Francisco, March 09, 2010 - Wood & Company Goes Live on Calypso
San Francisco, February 22, 2010 - Former Sun Microsystems Executive Masood Jabbar Joins Calypso Technology’s Board of Directors
Sydney, February 18, 2010 - ASB Goes Live on Calypso
Sydney, February 02, 2010 - ICAP and Calypso Form Marketing Relationship
New York, San Francisco, January 11, 2010
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