Calypso Technology will integrate AcadiaSofts MarginSphere service, the electronic messaging and workflow solution for OTC collateral, with its Calypso system.
The partnership combines AcadiaSofts automation of the margin process with Calypsos collateral management solution.
AcadiaSofts MarginSphere is a messaging framework for collateral, providing an ISDA-compliant workflow that eliminates dependency on email, phone, fax and traditional communication modes with an electronic interface that provides scalability, security and audit trails. The Calypso system provides a cross-asset collateral management solution that is integrated with front-to-back office management of OTC derivatives and treasury products.
One margin call typically generates five or more messages, and dramatically more if there are disputes, says Chris Walsh, COO at AcadiaSoft. Given the number of accounts, counterparties and trades that any firm has to maintain, the volume of margin messages can rapidly escalate, creating the potential for errors and large processing inefficiencies. We provide a seamless experience for Calypso customers who are experiencing increased collateral activity by improving transparency and reducing costs while enabling improvements and optimization.
Click here to watch Walsh on GCTV discussing MarginSphere.
Calypso continues to invest in our collateral solution so that we can always remain ahead of significant market developments, says David Little, director of Business Development for collateral solutions at Calypso Technology. The partnership of Calypso and AcadiaSoft gives our customers a simple and effective solution for collateral efficiency.
(CG)