Calypso Technology (software)
Encyclopedia
Calypso is a global application software provider that delivers an integrated suite of trading and risk applications to the capital markets function within banks and other companies participating in the world’s financial markets.
Calypso was founded in 1997 and is headquartered in San Francisco, USA. The company has offices in thirteen locations: San Francisco, London, Paris, New York, Frankfurt, Tokyo, Hong Kong, Sydney, Singapore, Mumbai, Copenhagen, Johannesburg and Brighton.
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 derivative and treasury products. The platform is written entirely in Java
and Calypso has partnered with many leading technology vendors for grid computing
(DataSynapse), Business Intelligence
(Visokio), caching (Tangasol) and Java Computer appliance
s (Azul Systems
)..
The platform provides Front Office
, Middle Office
, and Back Office
functions for multiple asset classes such as Foreign Exchange, Fixed Income, Interest Rate Derivatives, Credit Derivatives and other derivatives instruments. Calypso credit derivatives is market leader in this area.
The integrated approach of the firm allows user to move away from siloed approach which has been a big problem for financial institutions and corporate treasuries so far.
Main competition is from Murex, SunGard
and Misys
.
Calypso was founded in 1997 and is headquartered in San Francisco, USA. The company has offices in thirteen locations: San Francisco, London, Paris, New York, Frankfurt, Tokyo, Hong Kong, Sydney, Singapore, Mumbai, Copenhagen, Johannesburg and Brighton.
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 derivative and treasury products. The platform is written entirely in Java
Java (programming language)
Java is a programming language originally developed by James Gosling at Sun Microsystems and released in 1995 as a core component of Sun Microsystems' Java platform. The language derives much of its syntax from C and C++ but has a simpler object model and fewer low-level facilities...
and Calypso has partnered with many leading technology vendors for grid computing
Grid computing
Grid computing is a term referring to the combination of computer resources from multiple administrative domains to reach a common goal. The grid can be thought of as a distributed system with non-interactive workloads that involve a large number of files...
(DataSynapse), Business Intelligence
Business intelligence
Business intelligence mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes....
(Visokio), caching (Tangasol) and Java Computer appliance
Computer appliance
A computer appliance is generally a separate and discrete hardware device with integrated software , specifically designed to provide a specific computing resource. These devices became known as "appliances" because of their similarity to home appliances, which are generally "closed and sealed" –...
s (Azul Systems
Azul Systems
Azul Systems, Inc., a privately held company, develops runtime platforms for executing Java-based applications. Founded in March 2002, Azul Systems is headquartered in Sunnyvale, California, with offices in Slough, United Kingdom; Tokyo, Japan and Bangalore, India.- Products :Azul produces Zing, a...
)..
The platform provides Front Office
Front office
Front office is a business term that refers to a company's departments that come in contact with clients, including the marketing, sales, and service departments...
, Middle Office
Middle office
The middle office comprises departments of a financial services company that manage position-keeping . These divisions make sure these transaction representations properly capture profit flows given the technological resources...
, and Back Office
Back office
A back office is a part of most corporations where tasks dedicated to running the company itself takes place. The term "Back office" comes from the building layout of early companies where the front office would contain the sales and other customer-facing staff and the back office would be those...
functions for multiple asset classes such as Foreign Exchange, Fixed Income, Interest Rate Derivatives, Credit Derivatives and other derivatives instruments. Calypso credit derivatives is market leader in this area.
The integrated approach of the firm allows user to move away from siloed approach which has been a big problem for financial institutions and corporate treasuries so far.
Main competition is from Murex, SunGard
SunGard
SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil...
and Misys
Misys
Misys plc is a business that makes and sells software to banking, investment, and, formerly, to medical businesses. The company merged its healthcare information technology division with Allscripts in 2008...
.