Wells Fargo licenses Calypso system

Wells Fargo licenses Calypso system

Wells Fargo is implementing Calypso Technology's trading and processing platform to support its interest rate derivatives business.

The bank says the Calypso system will be used to consolidate a number of stand alone applications into a single turn-key trading platform.

Adrian Kayari, Head of Financial Products at Wells Fargo, says the platform will improve productivity and enable the bank to take its business to the next level, both in terms of trade volume and sophistication.

"Calypso has a strong technology platform that can handle special requirements well - for example, the ability to integrate our own analytics is a key benefit," says Kayari.

San Francisco-based Calypso Technology will also provide the bank with support services.

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