Calypso Technology Inc., the global capital markets platform provider, today announced the release of Calypso Version 12 (V12) of its cross-asset, front-to-back office platform.
The new release improves on best practice standards with stronger seamless integration across asset classes and between functional layers. V12 also builds on Calypso Technology’s growing status as a single-source-of-truth for capital markets firms seeking to consolidate previously siloed businesses.
Calypso V12 is equipped for Dodd-Frank and other market structure changes that are demanding stronger control over trading and risk. V12 is a market-driven release designed to permit institutions to adapt to new requirements effectively and efficiently.
Within the past year, Calypso has invested over $40 million in R&D to develop V12. The platform continues in the tradition of Calypso’s capital markets leadership, which capitalized on the company’s offering of the world’s first cross-asset OTC derivatives central clearing solution – now live at exchange clearinghouses in Europe, Asia and the Americas.
“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 provides users with increased speed and performance. 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.
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.
“Our focus as a company is to provide our customers with technology that will support increased growth, performance and profitability. 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.”