FrontPoint Partners signs for Calypso trading system

Source: Calypso Technology

Calypso Technology, a leading provider of cross-asset front to back trading and trade processing systems, announced today that FrontPoint Partners LLC, a $4 billion integrated investment management company, has selected Calypso as a trading system for its business.

FrontPoint will use Calypso for various fixed income and credit-related trading strategies. Along with the core trading capabilities, the Calypso product will be integrated with FrontPoint's administrators and prime brokers as well as order management and existing risk management systems.

Breadth of product coverage and a strong working relationship with Calypso were key to FrontPoint's selection. "Our investment strategies cover products areas such as derivatives, which are not adequately addressed by technology catering to the buy- side. We wanted to work with a firm that understood the market and our needs, and had the right product functionality that would support our growth," said John Hagarty, CIO of FrontPoint. "We selected Calypso as we saw them as a partner, not a vendor."

The win at FrontPoint comes on the back of other recent wins for Calypso in the hedge fund industry and the company expects to see more growth in this area.

"The hedge fund industry is in a time of change. Recent growth in capital inflows, competitive pressures and new investment strategies have made firms revisit their existing infrastructure. Calypso's integrated solution is well positioned to service them and we are looking forward to meeting the needs of our growing customer base in this market," said Charles Marston, CEO of Calypso.

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