Brazilian Investment Bank Selects Calypso for Cross Asset Coverage

With the Brazilian financial markets' rapid expansion showing no signs of slowing down, local financial organizations are ramping up their technology to keep up with international market demands.

As such, Brazilian investment bank BTG Pactual announced it has selected Calypso Technology's cross-asset trading platform to support its portfolio assets including OTC derivatives and securities.

Using Calypso, the bank will consolidate several internally-developed systems covering multiple asset classes onto a single platform that can be configured to handle Brazilian conventions and rules, in addition to its international portfolio. In the first phase, BTG Pactual will implement Calypso's back-office system for interest rate and equity derivatives products across the firm's global operations. "Latin America is an emerging hotbed of trading activity and we're pleased to continue our expansion in this region," Carlos Patino, director, business development - Latin America, Calypso, said. "BTG Pactual is a notable market maker for structured products and a true global innovator. We look forward to helping the bank achieve its growth objectives," added Charles Marston, CEO of Calypso Technology.

Over the last few years, Brazil has grown rapidly into a major financial market and has carved out a strong position in high-frequency trading with a local adoption rate of 5-10%. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio