Calypso Technology Inc., the global capital markets platform provider, today announced that Financial Technologies Forum, LLC (FTF) has named Calypso as winner of Derivatives Operations in the Best Achievement in Derivatives Automation category of its inaugural FTF News Technology Innovation Awards.
The awards program recognizes financial technology providers and thought leaders in the industry that have shown outstanding innovation in financial technology, particularly in the area of operations.
Calypso was chosen as the top derivatives automation provider following a competitive voting process that was open to financial services firms, third parties and industry peers.
Over the last few years, Calypso has been first to market in bringing notable developments in OTC derivatives automation to the industry, including the Calypso OTC Clearing solution that enables clearing members to clear and process OTC derivatives products across numerous exchanges and clearinghouses. Calypso also powers the Central Counterparty Clearing platforms for some of the worldâs largest derivatives clearing houses, including the CME, Singapore Stock Exchange and Eurex.
âThe editorial team put a lot of careful thought and effort into considering nominations and into the final voting processes,â says FTF founder Maureen Lowe. âFTF always strives to address the central and most topical concerns of the financial technology industry and this is reflected in our events as well as in our online publication and awards. By setting an example, the nominees and winners are moving the industry forward and paving the way for a better future.â
Nominations were open to all eligible participants and were reviewed by an editorial team consisting of industry veteran Holly Miller, partner and co-founder of Stone House Consulting, Eugene Grygo, editor of FTF News and the FTF News editorial team. Award winners were announced at the FTFâs 4th Annual Hedge Fund Operations & Technology conference.
âWe are delighted that Calypso has been recognized by FTF for derivatives automation. Since inception, Calypso has brought true innovation and cutting-edge technology to the derivatives industry and this award is a testament to that effort. As the derivatives market undergoes change with central clearing initiatives and swaps legislation, we continue to research and develop solutions to provide our clients with automation and efficiency,â comments Charles Marston, CEO of Calypso Technology.