Source: Calypso Technology Inc
Calypso Technology Inc, a global provider of an integrated trading application suite to the capital markets industry, today announced that DeSari Capital LLC, a newly formed alternative asset manager, has selected the Calypso cross-asset software platform, hosted by Sky Road LLC, as its complete front-to-back office technology solution.
DeSari Capital was seeking a complete technology solution to run the CDPC with quick time-to-market and advanced trading, risk and operational processing capabilities. The Sky Road hosted Calypso software solution offered all the benefits of ASP technology - speed of implementation, scaleable and flexible infrastructure - coupled with the robust, multi-asset, front-to-back Calypso platform. DeSari Capital will benefit from Calypso's open architecture which enables seamless system integration and the ability for the firm to run future products and asset classes on the system as the vehicle grows. Calypso provides comprehensive front-to-back office support for credit derivative flow, structured and ABS products, in addition to interest rate, fixed income, FX and money market instruments.
Paula Horn, President of DeSari Capital, comments, "Choosing the Sky Road hosted Calypso solution was an easy decision. They have proven experience working with leading CDPCs and so understood our needs thoroughly and immediately. The credit derivatives space is incredibly dynamic and by taking the Calypso platform, we not only have a one-stop solution to run our business but are able to do so innovatively with the most cutting-edge technology available." The Calypso application, in conjunction with Sky Road delivery model, will manage all aspects of the CPDC business including trading, risk management, compliance reporting for the rating agencies and accounting.
"Credit derivatives is a key area of strength for the firm and we are committed to providing our clients with best-of-breed solutions that meet the needs of various types of capital market enterprises. We view DeSari Capital as a strategic partner and look forward to supporting them as they grow," comments Charles Marston, CEO of Calypso.
John Borse, CEO of Sky Road LLC, comments, "We're excited to be working with DeSari Capital as they launch. Sky Road's next generation ASP technology will enable them to get up andnd running quickly, with the full range of Calypso capabilities they need. The addition of DeSari Capital to our growing CDPC client base is an indicator of the great success we have had in this space."