Legacy Asset Management Company (LAMCO) has gone into production with the Calypso Technology, Inc. system as its core derivatives platform for valuation and risk.
With more than 500,000 trades across multiple asset classes in rates and credit products, LAMCO will leverage the Calypso System to value both its historical and live trades.
LAMCO wanted a single platform to house our vast portfolio of rates and credit trades for valuation and risk, Savvas Mavridis, managing director at LAMCO, says. Calypso provides a solution that precisely meets that need. With robust trade mapping tools to migrate our large population of trades and historical market data, along with the advanced pricing and risk capabilities across multiple asset classes for our counterparties and/or select trades on demand, Calypso allows our team to analyze our trade population more efficiently.
Calypso will be providing LAMCO with support for both complex and vanilla interest rate derivatives and credit default swaps via Calypso SaaS, the firms hosted platform. Calypso SaaS provides a powerful enterprise trading and risk management application in a managed, outsourced environment.
Calypso will be providing middle-office and desk-level risk management support. It will also serve as the central market data repository for all third-party market data and used by the estate on a historical and go forward basis in the management of LAMCOs live portfolio.
LAMCO is a perfect example of how a firm with even the most complex needs and requirements can rely on Calypso to solve an acute risk management challenge, Charles Marston, CEO of Calypso, says. Calypso offers the most robust derivatives support in the industry, and LAMCO recognized our ability to seamlessly migrate and support their complex swaps portfolio. Were excited to be working with such a unique company and look forward to a successful partnership.
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