Marks Calypsoâs continued expansion in Latin America
Calypso Technology, Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, announced today that the firm has signed with BTG Pactual, Brazilâs leading investment bank. The Calypso system will support their full range of portfolio assets including OTC derivatives and securities.
BTG Pactual was seeking a solution that would allow the firm to continue expanding its investment banking market share and scale with escalating trade volumes. The bank conducted an extensive review of several cross-asset trading technology platforms and chose Calypso Technology due to the firmâs deep expertise and platform extensibility. Using Calypso, the firm will consolidate several internally-developed systems covering multiple asset classes onto a single platform that can be configured to handle Brazilian conventions and rules, in addition to their international portfolio.
âAt BTG Pactual we prefer to work with market leaders and we see Calypso as the leader in this sector,â
comments Clecio Lima, BTG Pactual partner and CIO. âCalypso Technology is a strategic partner who brings both the sophisticated technology and invaluable consultation we were looking for.â
In the first phase, BTG Pactual will implement Calypsoâs back-office system for interest rate and equity derivatives products across the firmâs global operations.
âWe are delighted to be working with BTG Pactual,â notes Carlos PatiÃ±o, Director, Business Development - Latin America, who is leading Calypso Technologyâs commercial initiatives in the region. âLatin America is an emerging hotbed of trading activity and weâre pleased to continue our expansion in this region.â
âBTG Pactual is a notable market maker for structured products and a true global innovator. We look forward to helping the bank achieve its growth objectives,â states Charles Marston, CEO of Calypso Technology.