Northwestern Mutual has selected the Calypso trading platform as its application for front, middle and back office.
Northwestern Mutual, with over $120 billion of managed assets, will employ Calypso’s services for trading of its OTC derivatives.
“We are pleased that a company such as Northwestern Mutual has selected Calypso to manage its OTC derivative activities. We are committed to supporting insurance companies and other traditional buy-side institutions with our integrated product suite,” says Charles Marston, CEO, Calypso.
“Customer service was a major factor in our selection of Calypso. Calypso’s responsiveness thus far has been excellent and we look forward to continued strong support throughout the implementation process as well as once we go into production,” adds Don Forecki, director of Investment Operations, Northwestern Mutual.