- Certification assures the highest quality of integration between the two systems
Calypso Technology, Inc., a leading provider of capital markets trading software solutions, today announced that it has received Certified Alliance Partner status under Markit's certification program which was launched in January, 2007. Calypso is the first provider of trading and trade processing solutions to successfully complete the certification program.
In order to receive certification, Calypso's product management team for credit derivatives had to demonstrate that the completed integration of CDS, CDS Indices, Markit RED (Reference Entity Database) and tranche data met the integration standards defined by Markit. The certification means that joint customers of Calypso and Markit can be assured of a high quality of integration. The combination of Calypso's best of breed front-to-back solution for credit derivatives and Markit's leading independent credit data creates an unrivalled value proposition for any organization trading these products.
"Calypso has invested in an ongoing partnership with Markit for several years - we were the first vendor to integrate RED in 2004 and have expanded the integration of Markit data throughout our credit derivatives solution," said Charles Marston, CEO of Calypso Technology, Inc. "Beyond the certification, we continue to look at new ways to interface to Markit's offerings, for example, through our project to integrate Markit's Reference Cashflow Database for clients using Calypso to trade CDS on ABS."
"We are delighted to recognize Calypso as the first trading and processing solution provider among our alliance partners to receive formal certification. Calypso has proven the quality of its integration work, a process that was accelerated by the strength of the partnership between the two firms and the technical skills of individuals on both sides," said Nicola von Schroeter, Global Head of the Markit Alliance Program.
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