Calypso Technology, a global application software provider of an integrated trading and risk management application suite to the capital markets industry, has announced that Korea-based commercial bank, Shinhan Bank, has gone live with the Calypso platform for derivatives trading in the front office.
Calypso said that Shinhan Bank has selected its services for credit risk hedging and derivatives trading, to support the launch of banks new business segment. Calypso’s flexibility and scalability were also key decision factors as the bank searched for a system that was capable of covering different asset classes, could cope with rapid business growth, and adapt quickly to market requirements and changes.
Ham Tae-Gyu, credit derivative trader at Shinhan Bank, said: “The Calypso solution is a perfect match for Shinhan Bank’s ambition to bring innovative products to the market, which has always been our competitive edge. The decision to implement Calypso has enabled our firm to remain ahead of the curve by evolving our technology to support our business needs and to achieve our goals.”
Charles Marston, chairman & CEO of Calypso Technology, said: “Asia Pacific is an important region for Calypso. Our successful partnership with Shinhan Bank shows our commitment to working closely with clients to deliver innovative solutions. Our localized teams ensure all our clients received the highest level of service and support from start to finish.”
