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Calypso Launches Second Generation of Calypso Fast-Track

Calypso Technology Inc, a global application software provider of an integrated trading application suite to the capital markets industry, today announced enhancements to Calypso Fast-Track. Launched in 2007, Calypso Fast-Track is a pre-configured application environment designed to expedite deployment of Calypso’s trading, risk and operations application. The second generation includes enhanced accounting, reporting and additional instruments and currencies.

Calypso Fast-Track provides a foundation of proven solutions to the issues commonly faced during the initial stages of deployment. Calypso has experienced high demand for Calypso Fast-Track from customers requiring implementation within specific timelines and budgets. Because Calypso Fast-Track provides a pre-configured solution, customers are able to quickly realize the benefits of how Calypso’s front-to-back, cross-asset solutions work within their enterprise. Calypso Fast-Track also comes with full documentation and corresponding training courses to address any configuration issue. Customers can utilize the training to help teams and new hires quickly come up to speed on Calypso’s trading and risk management system.

Charles Marston, Chairman and CEO of Calypso Technology, Inc says, “Over the last few years, the markets have matured considerably and customers are ready to embrace the concept of best practices in the implementation of trading solutions. With the help of our consulting partners, Calypso has compiled the knowledge accrued from ten years of working with top financial institutions, along with the newest innovations in trading applications, and integrated these into the Calypso Fast-Track offering.”

The second generation of Calypso Fast-Track features a number of enhancements, including:

- Continuing addition of new asset classes and modules that can be implemented using Calypso Fast-Track
- Enhanced DTCC workflow
- Full profit and asset accounting
- More robust risk reporting

Rapid advances to Calypso Fast-Track have been enabled by wide adoption of the product by new and existing customers, as well as independent implementation partners. As a leading Calypso implementer, IBM has made considerable investments in the product’s development, committing resources to help with design and validation. “Calypso enjoys a critical advantage over its competitors with this product,” states Sanny Makki, Partner – Financial Markets at IBM. “Financial institutions are much savvier today when evaluating enterprise trading and risk systems, with more emphasis on scrutinizing implementation risks. Calypso Fast-Track enables prospective users to accelerate implementation cycles and gain high visibility into all aspects of the implementation.”

Gerard Rafie, VP of Marketing at Calypso Technology, notes, “We have incorporated Calypso Fast-Track into our internal and customer training programs offered by Calypso University. Our professional services team is committed to applying Calypso Fast-Track to every project. Our goal is to bring what we believe are much-needed industry best practices to achieve rapid deployment and reduced implementation cost and risk.”