Calypso product showcases market leadership by winning two Technological Innovation awards in prestigious industry award ceremonies
Calypso Technology, Inc., the global capital markets platform provider, today announced that they are the winners of the Securities Lending Industry Award as well as the Best Innovation by an IT or Software Firm in Risk Management for Clearing Services. Calypso accepted both awards at ceremonies held in London earlier this month.
The first category was ‘Technological Innovation’, granted for the firm’s Collateral Optimization solution in the 2011 Securities Lending Industry Awards, managed and hosted by Fundamentals Magazine. The panel of judges, consisting of industry practitioners, recognized Calypso’s year-on-year global achievements in the collateral space and awarded Calypso Technology for its contribution to industry innovation, over eight other nominees. This win follows on Calypso’s recent success in Gartner’s Magic Quadrant survey, which placed Calypso in the “Leaders” quadrant of Gartner’s inaugural Magic Quadrant for Treasury and Trading Core Systems.
The second award, presented by Futures and Options World (FOW) at their Derivatives World Event in London, was ‘Best innovation by an IT or software firm in Risk Management – Clearing Services’ for Calypso’s OTC Clearing Services for Derivative Clearing Member Firms (DCMs) solution. Designed for members of various exchanges, this technology plays a critical role in the clearing process as the key agent for banks and other financial institutions making OTC trades, supporting all trade lifecycle events of a centrally cleared OTC transaction.
A group of industry experts acted as judges for this award, selecting Calypso from a mass of entries from various industry peers. With a commitment to innovation since inception, Calypso has pioneered derivatives technology by introducing ground-breaking solutions to advance the trading and processing of the world’s most complex securities instruments, and through this breakthrough technology, global financial institutions have been able to achieve STP, efficiency and accuracy in derivatives trading.
Calypso’s CEO, Charles Marston, commented, “We are extremely pleased to be receiving this recognition as leaders and innovators in the Clearing and Collateral Management spaces. Over the years, we have worked hard to gain a deeper understanding of the financial community’s needs and through this, we have been able to develop and deliver world-class solutions to many of the industry’s leading financial institutions. Winning these esteemed awards is validation of our strong product solutions and the tight collaboration to get it to market further showcases our expertise and commitment to deliver in these domains.”
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