NumeriX partners with Calypso Technology, Inc., a software provider of an integrated trading application suite to the capital markets. Under the agreement Calypso users will benefit from NumeriXs pricing and risk analytics software.
Extended integration partner agreement will provide Calypso clients with more accurately price and generate sensitivities for the most complex derivatives, including equity, interest rate, credit and hybrids. The integration of these market-vetted analytics within a proven trading system is designed to fully support the lifecycle of even the most complex exotic or hybrid derivative.
The partnership of NumeriX and Calypso Technology has satisfied many issuers, broker/dealers and investors since 2005. The present contract is directed to the growing need for flexible automation and risk transparency.
Calypso will integrate NumeriX analytics into its own rigorous QA process and full backward compatibility. The company has instituted a version management system to support future updates to the integrated NumeriX analytics. Another commitment of Calypso is to execute on a twelve to eighteen month product roadmap in support of the endeavor of full spectrum instrument class coverage.
This extension of our integration partner agreement with Calypso Technology signifies the importance of full asset class coverage for the valuation of hybrids and exotics, says Steven R. OHanlon, president and COO, NumeriX. As traders struggle to maintain profitability in a crowded market, it is vital to provide the necessary tools to accurately value and maintain risk exposure for complex derivatives.
Weve seen the results for our customers within one asset class and it was a natural progression to provide complete access to the NumeriX analytics suite, says Gerard Rafie, VP Marketing, Calypso Technology. As todays markets evolve, we are committed to providing our users with access to the best available analytics within the Calypso application.
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