BlueCrest Capital Management, a global hedge fund manager with more than $33 billion in assets under management, has chosen Calypsos Front Office Solution to support its funds.
The Calypso solution will support BlueCrests order management, trade capture, lifecycle management, real-time position and risk management covering interest rate derivatives, bonds, repos, FX, equities, equity derivatives, credit, commodities, cash and loans. Trades will be fed into Calypso from more than a dozen external trading platforms.
BlueCrest adopted Calypsos Middle Office functionality in 2008 and partnered with the firm to develop and build its Cross Asset P&L functionality.
BlueCrest says it implemented the Calypso system due to its ability to model the workflow of their cross-asset, high-volume trading requirements and focus investment away from traditional order management systems to a modern enterprise solution.
We needed a solution which would support our growth initiatives, whilst also consolidating our current trading platform systems, says Donal Fleming, CTO of BlueCrest. Calypsos established front office trade capture system was an obvious choice. He added, Calypso is a trustworthy system, designed for efficient implementation and maintenance, and we look forward to a continued partnership.
Charles Marston, chairman and CEO of Calypso, adds: We are very excited to partner with BlueCrest to deliver the cross-asset trading solution they require. Working with BlueCrest has helped extend the Calypso Systems cross-asset capabilities, demonstrating the value of our solution for the buy-side and our dedication to working with this sector.
(CG)