Calypso Foreign Exchange

The Calypso FX solution offers the best of both worlds.  It offers all the benefits of a best of breed, out of the box FX solution, namely stability, robustness and market standard functionality.  It also offers the advantages of an in-house build, namely the flexibility to quickly add your own new products and functionality; to easily plug in custom pricing models and other components.

The Calypso FX Front Office was designed in conjunction with leading FX market players.  It addresses the specific requirements of each user type within the FX business: spot traders, forward traders, sales people and operations professionals.

Uniquely Designed for Every Group of Users

Calypso has addressed specific requirements for FX trading for each group of users: spot traders, forward traders, sales people and operations.

• Spot Traders - View real-time consolidated positions, P&L and trades, all on a single screen.  Drill-down by book and currency pair to the individual trades, or search for trades by any user-defined criteria.  Trade on Reuters, EBS or other channels and have position and trade blotters update in real-time, with automatic brokerage calculations.  Easily split or re-create cross positions, or trade with other internal books.  Publish and manage sales quotes in real-time.
  
• Forward Traders - Enjoy a consolidated view of cross-asset interest rate and FX risk and P&L on the forward ladder.  Select hedge instruments and view hedge equivalents on the same ladder. Quickly and easily enter manual or internal trades, via customizable trade entry screens.  Automate the rollover of FX positions, using FX swaps or money market trades.
• Sales People - Calypso helps sales with the critical task of managing client trades and sales margin.  Simplify and personalize the capture, management and processing of sales trades and their associated lifecycle events (such as rollovers/rollbacks, allocations and terminations).  Pre-define trade routing rules to automatically allocate sales trade risk directly to spot and forward books in an automated fashion.  Pre-define default sales margins and mark up real-time quotes. Book and manage sales margin on all trade types.  Import client trades for bulk pricing, saving and processing.
  
• Operations - Calypso’s back office is geared toward maximizing efficiency and reducing costs of your processing organization.  Organize your back office by task, product or geography with user-specific task stations.  Set up the configurable workflows to optimize STP rates.  Gain from exception management tools that identify and solve processing issues with speed.  The Calypso FX back office solution:
  -  is used by some of the world’s largest banks
  - provides real-time exception-based STP for trades, payments and messages
  - is asset class independent
  - is governed by flexible user definable workflows and workflow rules

Highly Scalable for Future Growth

The Calypso® architecture has been built for scalability and is used at the world’s largest financial institutions as a proven FX solution.

Easy Integration with External Systems

Calypso is designed to easily integrate with external systems critical to the FX business with many interfaces for commonly used systems standard out of the box. Calypso can be easily linked to electronic brokers and ECNs; credit and limit systems; rates providers and rate engines; risk systems; matching systems; SWIFT; accounting systems; static and SDI data stores among many types of systems.

Streamlined to Maximize Efficiency

Calypso has been designed as a streamlined solution for FX with all foreign exchange related trades processed straight through by Calypsos cross asset back office to achieve a high degree of real time STP.

Superior Risk Management with Firm-Wide Limit Management

Calypso's real-time Limit Management application is fully integrated with Calypso® FX Solution, allowing users to view current credit limit, credit exposure and credit availability.

Customized FX Quotes to Cater to Clients Individually

Calypso provides a number of functions to manage the FX quote process so that you can quote your best clients your best rates.