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 âTechnological Innovationâ, granted for the firmâs 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 Calypsoâs 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 Calypsoâs recent success in Gartnerâs Magic Quadrant survey, which placed Calypso in the âLeadersâ quadrant of Gartnerâs 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 âBest innovation by an IT or software firm in Risk Management â Clearing Servicesâ for Calypsoâs 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 worldâs most complex securities instruments, and through this breakthrough technology, global financial institutions have been able to achieve STP, efficiency and accuracy in derivatives trading.
Calypsoâs CEO, Charles Marston, commented, âWe 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 communityâs needs and through this, we have been able to develop and deliver world-class solutions to many of the industryâs 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.â