Japanese company Sumitomo Trust & Banking (STB) has gone live with Calypso’s interest rate and foreign exchange derivatives software.
STB revealed that it had been looking for a platform upon which to grow its treasury business, and chose Calypso as it supported the broad range of financial instruments that STB trades.
In the first stage of the project, STB was able to move its important FX business onto Calypso. Following that, interest rate and FX derivatives were added allowing STB to perform cross product risk analysis and carry out all trading and associated hedging activities on a single, integrated solution.
We are delighted to have played an instrumental role in STB achieving their business objectives. Rolling out a single solution to cover trading and processing of multiple products is the proven way to reduce total cost of ownership. STB’s decision to deploy Calypso as that single solution is testament to our strength in that area, commented Charles Marston, CEO of Calypso Technology.