SAN FRANCISCO, CA--(Marketwired - November 21, 2016) - Calypso Technology Inc., a leading provider of software for investment firms, announced its award-winning collateral management solution is now live in production at Alberta Investment Corporation (AIMCo), one of Canada's largest and most diversified institutional investment managers.
AIMCo, who is active in both exchange-traded and OTC derivatives markets, recognized that the sophistication of their collateral management operation had outgrown the capabilities of their previous system. The new Calypso solution provides the organization an enterprise platform that will also support increasing regulatory demands.
"This project is both strategically and operationally significant for us," said Michael Baker, Senior Vice President, Investment Operations of AIMCo. "Replacing our manual collateral management system with a centralized, automated solution has already brought substantial benefits. We have greater control over our inventory, we can optimize our collateral, and going forward we will be able to comply with the new BCBS IOSCO initial margin regulations."
Before beginning the collateral project, AIMCo, who was already a client of Calypso, upgraded to the latest version of the platform. Leveraging Calypso's Upgrade Service allowed them to stay focused on their operations. The Upgrade Service replicates the client's production environment on a remote, secure server that Calypso Professional Services uses to execute upgrade tasks and pre-test the functionality.
"We are delighted to partner with a visionary firm like AIMCo," said Calypso CEO Pascal Xatart. "They understand that their long-term success depends on an integrated, real-time infrastructure that can evolve with their business, and we appreciate that they have entrusted us with such a strategically important initiative."
About Calypso Technology, Inc.
Calypso Technology, Inc. is a leading provider of cross-asset front-to-back technology solutions for financial markets. It provides customers with a single platform for consolidation, innovation and growth. With 19 years of experience delivering software and services for trading, risk management, processing, and accounting, the Calypso solution helps bring simplicity to complex business and technology challenges. Calypso solutions address needs for the capital markets, investment management, risk, central banking, clearing, collateral, and treasury & liquidity. Clients can benefit from greater efficiency, improved risk management, better allocation of capital, faster regulatory compliance, quicker time to market, and reduced Total Cost of Ownership. Calypso Technology offers solutions that improve reliability, adaptability, and scalability.
Calypso is used by over 34,000 market professionals in over 60 countries representing more than 200 financial institutions across Asia, the Americas, Europe, Middle East, and Africa. Calypso Technology has over 700 staff in 21 global offices, with headquarters in San Francisco, California. "Calypso" is a registered trademark of Calypso Technology, Inc. in the United States, the European Union and other jurisdictions. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such. www.calypso.com