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Marshall & Ilsley Selects Calypso for Derivatives

Marshall & Ilsley, a Wisconsin-based financial services firm, has selected Calypso Technology to support its growing derivatives business.

The firm will implement Calypso in support of the entire trading process across a range of instruments including credit, equity, interest rate and FX derivatives, as well as commodities.

Marshall & Ilsley will utilize Calypso's front-office tools for structuring products and managing real-time intraday risk, as well as market risk and capital analysis.

In a release, said Bob Harless, senior vice president, capital markets at Marshall & Ilsley Bank, said, "The Calypso system will provide M&I with valuable tools that will significantly enhance our ability to provide risk management products to our clients."

Gary Schnell, vice president, capital markets operations at Marshall & Ilsley Bank, added, ""M&I selected Calypso as part of our strategy to offer our clients the best possible service. The combination of Calypso Technology's partnership approach, robust functionality, front-to-back capabilities, and Calypso Fast-Track made the company and its Calypso software application the best choice to support our growing business."

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