Calypso Technology Takes Lead Role for further development of Numerix Integration
End Users Benefit through comprehensive instrument class coverage, tighter integration and reduced implementation costs.
New York – November 18, 2008 – NumeriX, the independent and leading analytics provider for structuring, pricing and valuation of derivatives and structured products, today announced an extended integration partner agreement with Calypso Technology, Inc., a leading global software provider of an integrated trading application suite to the capital markets. As a result of this expanded agreement, Calypso users will now have access to NumeriX’s pricing and risk analytics software.
Since 2005, Calypso and NumeriX have worked together to satisfy the needs of the most demanding and innovative issuers, broker/dealers and investors. The resultant integration of NumeriX’s fixed income, inflation, and cross currency analytics has been very well received. As per the expanded integration partner agreement, Calypso users will be able to more accurately price and generate sensitivities for the most complex derivatives, including equity, interest rate, credit and hybrids. The integration of these market-vetted analytics within a proven trading system is designed to fully support the lifecycle of even the most complex exotic or hybrid derivative.
This latest milestone comes in response to increased market demands for greater automation and risk transparency in response to the growing pressures from regulators and investors alike. Beyond integrating NumeriX analytics into its own rigorous QA process and full backward compatibility, Calypso is also committed to executing on a product roadmap in support of more comprehensive instrument class coverage.
“This extension of our integration partner agreement with Calypso Technology signifies the importance of full asset class coverage for the valuation of hybrids and exotics,” said NumeriX President and COO, Steven R. O’Hanlon. “As traders struggle to maintain profitability in a crowded market, it is vital to provide the necessary tools to accurately value and maintain risk exposure for complex derivatives.”
“We are thrilled to strengthen this relationship with NumeriX,” said Gerard Rafie, VP Marketing, Calypso Technology. “We’ve seen the results for our customers within one asset class and it was a natural progression to provide complete access to the NumeriX analytics suite. As today’s markets evolve, we are committed to providing our users with access to the best available analytics within the Calypso application.”
NumeriX is the award-winning, independent leader in pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate and equity derivatives. NumeriX has a financial engineering and quantitative team composed largely of Ph.D.’s on the same scale as the very largest of financial institutions. More than 350 clients across 25 countries rely on NumeriX risk analytic software for speed and accuracy in valuing their structured products and derivatives. Trading and risk platform vendors leverage NumeriX analytics to gain a time-to-market advantage by embedding the power of NumeriX into their systems. Founded in 1996, the company is privately held with offices in New York, London, Singapore, Tokyo and Hong Kong. For more information visit www.numerix.com.
About Calypso Technology, Inc.
Calypso Technology, Inc. is a global application software provider that delivers an integrated suite of trading applications to the capital markets industry. Over 90 customers, including seven of the top ten banks, use the Calypso Trading and Risk Management Platform – the first integrated application suite for derivative and treasury products. The Calypso software is available as an in-house enterprise installation or as a Saas (Software as a Service) solution. Calypso Technology also delivers Calypso Fast-Track, a pre-configured application environment designed to expedite the implementation process to meet the major challenges of capital market institutions.
“Calypso” is a registered trademark of Calypso Technology, Inc in the United States, the European Union and other jurisdictions.
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