Nasdaq, known for its exchanges, will be securing its goal of becoming mostly a solutions provider with its just announced definitive $10.5 billion agreement to acquire Adenza — which is a combination of Calypso and AxiomSL — from private equity firm Thoma Bravo. Once authorities approve the $10.5 billion price tag, which consists of cash… Read More >>
SIX Group Picks Synechron to Lead Post-Trade Project
SIX Group Ltd., the operator of the Swiss Stock Exchange, has selected Synechron as the systems integrator for the Calypso Technology, v15 SFR (Securities Finance Renewal) Program to be used to manage contractual tri-party collateral management activities. The project, which is expected to last two years, is part of an ongoing post-trade update undertaken by… Read More >>
BNP Paribas Subsidiary & Calypso Develop Post-Trade Suite
BNP Paribas Securities Services has partnered with Calypso Technology to provide global, sell-side institutions with a post-trade processing solution that encompasses clearing, custody, and middle- and back-office services. The BNP group is a multi-asset servicing specialist that is a wholly owned subsidiary of the BNP Paribas Group. The subsidiary’s multi-asset class operating model, which covers… Read More >>
Calypso Technology Agrees to Buyout
Calypso Technology is going down the private equity route and the cash infusion will help the trading and risk management systems vendor grow its investor base and take its offerings to the next level for demanding customers, officials say. European private equity fund Bridgepoint and global growth equity investor Summit Partners announced that they are… Read More >>
Calypso Hires from Jefferies for Chief Product Officer Post
Treasury and capital markets software vendor Calypso Technology has appointed Pedro Porfirio, formerly of investment bank Jefferies, as its new senior vice president and chief product officer, officials say. In his new role, Porfirio will be responsible for “overall product strategy, driving product development and innovation across Calypso’s solutions,” according to a company statement. He… Read More >>
Swiss Firm Deploys Collateral Management Solution
European wealth and asset manager Banque Pictet & Cie SA has gone live with capital markets software vendor Calypso Technology’s collateral management solution, officials say. Banque Pictet will use Calypso’s platform to “consolidate all collateral activities across its many businesses on a single platform,” according to the vendor. The platform is a “standalone, centralized collateral… Read More >>
OpenLink VP Moves to Calypso
Calypso Technology has hired Mark Abrams, a former vice president at OpenLink Financial, as a sales executive for North American sales. Calypso officials decline to comment upon employment situations, but Abrams confirmed he’s been with the firm since June. During his six years at OpenLink Financial as vice president of sales, North America, Abrams led major… Read More >>
Calypso Opens Toronto Office
Calypso Technology is expanding its operations in Canada, opening a brick-and-mortar office in Toronto to service its growing portfolio of customers in the country. Located in the financial district, the new office will serve “as a sales, support and professional services hub” for customers including Toronto Dominion Bank and several of Canada’s other largest banks,”… Read More >>
DTC Tests 20022 for Corporate Actions Instructions as Calypso Links to a SEF
DTC Tests Corporate Actions Instructions on 20022 In a bid to advance corporate actions processing, a subsidiary of industry utility DTCC has begun testing inbound instructions that conform to the ISO 20022 standard for financial messaging, officials say.The first automated instruction message was received from Interactive Brokers through DTCC’s Depository Trust Company (DTC) subsidiary, which… Read More >>
Nasdaq Exec Moves to ConvergEx as Rick McCarthy Heads Buy-Side Sales at Misys
Nasdaq Exec Takes Top Post at ConvergEx Group A former senior executive at Nasdaq OMX, Eric W. Noll is the new president of ConvergEx Group, which offers brokerage and trading‐related services, officials say. Noll will also be taking on the role of CEO by the end of this year, succeeding Joseph M. Velli, the incumbent… Read More >>
