Calypso Saas Enables Rapid Expansion Into New Business Areas

Calypso Technology, a global application software provider of an integrated trading application suite to the capital markets industry, has launched its SaaS (Software as a Service) offering. Calypso SaaS provides a powerful enterprise trading and risk management application for treasury and capital markets in a managed, outsourced environment. The solution will address the needs of the increasing number of financial institutions which are focusing solely on their core business by outsourcing the management of applications and infrastructure, as well as support of their technology platforms.

For trading businesses, Calypso SaaS offers the Calypso Trading and Risk Management Platform in an environment which dramatically improves time-to-market while reducing IT and infrastructure costs, according to the firm. Calypso SaaS is also beneficial for customers seeking to achieve rapid expansion into new geographies or business areas with minimal capital outlay. Calypso SaaS allows the deployment of the full range of modules that comprise Calypso's front-to-back, fully integrated cross-asset trading software application suite. In addition, the SaaS solution is designed for ease of deployment and maintenance, available with built-in interfaces to market standard feeds and post-trade processing services. The hosted solution also benefits users with managed upgrades, ensuring that clients always have the latest product innovations at their fingertips, says the firm.

"While many of our clients prefer to run their technology in-house, an increasing number of prospects and clients have expressed interest in an outsourced approach. We have addressed this challenge by developing Calypso SaaS, which essentially provides firms with all the benefits of an enterprise system - a comprehensive suite of cutting-edge trading applications - without any of the traditional infrastructure investment costs and lead times. The initial response from clients has been extremely positive, with the first users already coming onboard," said Charles Marston, Chairman and CEO of Calypso Technology, in a press release.