Calypso Technology announced today that NewSmith Capital Partners, a London based Hedge Fund Company, has selected the Calypso system for supporting their Credit and Fixed Income Operations.
NewSmith has licensed the Calypso system for cross asset coverage and is in the process of implementing the system for its Credit and Fixed Income funds. Nick Senn at NewSmith Capital says; "We conducted extensive research before choosing Calypso. Calypso clearly stood out as the market leader for Credit Derivatives and we feel comfortable that Calypso will provide us with a cutting edge technology - which will allow us to better service our clients."
NewSmith joins a growing number of hedge funds that will be using Calypso as their trading platform.
Separately, Wachovia Corporation will be expanding their use of Calypso to include Energy Derivatives.
This is the fourth asset group that Wachovia will be trading on Calypso. The bank is currently live on Calypso for credit derivatives, interest rate derivatives and foreign exchange options.