â¢ Platform delivers rapid implementation and strong risk management
Calypso Technology Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, today announced that leading analyst group Gartner Inc. has placed Calypso in the âLeadersâ quadrant of their inaugural Magic Quadrant for Treasury and Trading Core Systems.* The Gartner Magic Quadrant is a qualitative evaluation of a set of vendors in a specific market based on 'Completeness of Vision' and 'Ability to Execute'.
âEconomic challenges are driving the rationalization of application portfolios and causing financial institutions to look carefully at their core system strategies, with the intent of trying to better align business focus with application appropriateness,â the report states.
"The advantages of minimizing the number of solutions across treasury and trading market functions go beyond the cost benefits of reducing the need for cross-platform integration and maintaining skills bases across multiple solutions," states the Gartner report. "Gains in straight-through processing (STP) can also enable traders and risk managers to more quickly identify opportunities and threats - a competitive advantage in fast-moving and volatile markets."
As part of its core treasury and trading capabilities, Calypso brings several key strengths, including rapid implementation, strong desk-level risk management, strategic alliances, vendor viability and organic growth. Demonstrating growth and innovation, Calypso has taken the global lead in responding to changes in OTC derivatives market structure over the past two years. Four leading exchanges are in production with Calypso for OTC derivatives clearing and several clearing member firms are using the system to provide client clearing services.
The Calypso vision is centered around providing a single integral capital markets platform to support all market participants - sell-side, buy-side and service providers. Calypsoâs positioning in the "Leaders" quadrant is reinforced by the IBS Sales League Table 2011 that shows Calypso gaining new name customers at a ratio of almost 3 to 1 compared with its nearest competitor.
âBeing positioned as a Leader in the Gartner Magic Quadrant is a tremendous achievement for Calypso." said Charles Marston, CEO and Chairman of Calypso Technology. âGartner employs a rigorous and exhaustive process that scrutinizes all facets of the business. We welcome this independent assessment of Calypsoâs strategic positioning and ability to deliver."
"Innovation is in our DNA. It drives everything we do," said Marston. "Our vision and strong organic growth are driven by close collaboration with clients and a commitment to research and development. Global markets are shifting as turbulence in Europe and a continued recession place pressures on all financial institutions to better manage collateral, liquidity, risk, operational costs and future growth. Our rate of product innovation enables us to solve these customer challenges faster, better and more cost-effectively. We look forward to helping more institutions address their challenges head-on.â
*Gartner, Inc., Magic Quadrant for Treasury and Trading Core Systems, D. Furlonger, D. McKibben, November 1, 2011.