PRN: Calypso Positioned in 'Leaders' Magic Quadrant for Treasury and Trading Core Systems
Calypso Positioned in 'Leaders' Magic Quadrant for Treasury and Trading Core Systems
SAN FRANCISCO, November 7, 2011 /PRNewswire/ --
Calypso Technology Inc., a global application software provider of an integrated trading, risk and processing platform to financial institutions, today announced that leading analyst group Gartner Inc. has placed Calypso in the "Leaders" quadrant of their inaugural Magic Quadrant for Treasury and Trading Core Systems.* The Gartner Magic Quadrant is a qualitative evaluation of a set of vendors in a specific market based on 'Completeness of Vision' and 'Ability to Execute'. Â
"Economic challenges are driving the rationalization of application portfolios and causing financial institutions to look carefully at their core system strategies, with the intent of trying to better align business focus with application appropriateness," the report states.
"The advantages of minimizing the number of solutions across treasury and trading market functions go beyond the cost benefits of reducing the need for cross-platform integration and maintaining skills bases across multiple solutions," states the Gartner report. "Gains in straight-through processing (STP) can also enable traders and risk managers to more quickly identify opportunities and threats - a competitive advantage in fast-moving and volatile markets."
As part of its core treasury and trading capabilities, Calypso brings several key strengths, including rapid implementation, strong desk-level risk management, strategic alliances, vendor viability and organic growth. Demonstrating growth and innovation, Calypso has taken the global lead in responding to changes in OTC derivatives market structure over the past two years. Â Four leading exchanges are in production with Calypso for OTC derivatives clearing and several clearing member firms are using the system to provide client clearing services.
The Calypso vision is centered around providing a single integral capital markets platform to support all market participants - sell-side, buy-side and service providers. Calypso's positioning in the "Leaders" quadrant is reinforced by the IBS Sales League Table 2011 that shows Calypso gaining new name customers at a ratio of almost 3 to 1 compared with its nearest competitor.
"Being positioned as a Leader in the Gartner Magic Quadrant is a tremendous achievement for Calypso." said Charles Marston, CEO and Chairman of Calypso Technology. "Gartner employs a rigorous and exhaustive process that scrutinizes all facets of the business. We welcome this independent assessment of Calypso's strategic positioning and ability to deliver."
"Innovation is in our DNA. It drives everything we do," said Marston. "Our vision and strong organic growth are driven by close collaboration with clients and a commitment to research and development. Global markets are shifting as turbulence in Europe and a continued recession place pressures on all financial institutions to better manage collateral, liquidity, risk, operational costs and future growth. Our rate of product innovation enables us to solve these customer challenges faster, better and more cost-effectively. We look forward to helping more institutions address their challenges head-on."
*Gartner, Inc., Magic Quadrant for Treasury and Trading Core Systems, D. Furlonger, D. McKibben, November 1, 2011.
About Calypso Technology Inc.
Calypso Technology is a premier global capital markets platform provider, serving financial institutions of all types with a full range of integral cross-asset front-to-back office solutions for treasury and derivatives including trading, risk, processing, clearing, collateral, cash management, liquidity, accounting and reporting. The Calypso platform is steadily emerging as a global standard for capital markets businesses and serves as an ideal foundation for innovation and future growth.
Calypso has over 130 clients in over 40 countries - including banks, central banks, sovereign funds, asset managers, insurers, hedge funds, prime brokers, exchanges, clearing houses, processing services and other service providers. Calypso is committed to industry-renowned levels of customer service, research, development and innovation. The company has over 550 employees and 15 offices globally including 5 development centers. "Calypso" is a registered trademark of Calypso Technology, Inc in the United States, the European Union and other jurisdictions.
About the Magic Quadrant
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