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SuperDerivatives, Calypso Link Systems

SuperDerivatives, Calypso together focus on cost control, risk management and workflow in OTC markets.

SuperDerivatives, Inc. (SD), the derivatives benchmarking and multi-asset front-office system, has entered into a strategic alliance with Calypso Technology Inc. (Calypso), a global application software provider of an integrated trading and risk application suite to the capital markets industry. The alliance combines SD’s multi-asset system for independent benchmark pricing, online execution capabilities, and sales and distribution tools with Calypso’s risk management system to provide derivatives trading customers with a powerful tool to price, manage and report their portfolios. The partnership will also give buy- and sell-side customers consistent pricing and analytics for derivatives across all asset classes, based on a single trusted and proven model, from front-office pre-trade operations, to back-office reporting and processing functions.

SD’s independent derivatives market data, including volatility surfaces, can now be used with the Calypso System, ensuring price consistency across asset classes. The solution can now deliver front-to-back-office capacity, providing middle- and back-office professionals, risk managers, controllers and auditors with industry-standard market-calibrated risk reference data for foreign exchange. The potential to manage other asset classes, such as commodities, energy, equities, interest rates and credit derivatives, will soon follow.

Calypso’s Trading and Risk Management Platform is the industry’s first integrated application suite designed from the outset to be a front-to-back-office, cross-asset platform for derivatives and treasury products. Through the integration, Calypso customers currently using SD front-office systems are now able to simply press one button for straight-through deal capture into Calypso.

Research from TowerGroup reveals that risk management and cost control will be the key areas of focus and spending by financial institutions in the coming year. SD’s derivatives pricing, productivity and execution tools for a broad coverage of asset classes and geographical reach will enable organizations to manage risk, generate revenue opportunities and independently manage derivatives, either for their own holdings or for those of their customers. Furthermore, SD’s patented methodology is independent of any one data source and provides a trusted third-party view of the derivatives market with modeling that reflects real interdealer bank market prices for options, enabling users to manage risk and control costs.

Zohar Hod, vice president of business development at SD, commented in a company release, “We are seeing a renewed focus from both existing and new customers on cost control and risk management. These have long been key components of our derivatives offering and working with Calypso helps to complete the service we can offer.”

Pieter Hamman, vice president of business development at Calypso, said in the release: “Risk management is now the top priority for many institutions. Our alliance with SD strengthens our ability to meet market demand for the most modern and effective risk management tools for cross-asset derivatives.”

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