Marshall & Ilsley (M&I) will implement the Calypso solution to support front-to-back trading and processing of a wide array of instruments including credit, equity, interest rate, and FX derivatives, as well as commodities.
According to the company, M&I will benefit from Calypso's front office tools for structuring products and managing real-time intraday risk as well as market risk and capital analysis. Through automation of processes for the front, middle and back offices, the Calypso software installation will provide M&I with the ability to trade complex products while improving efficiency and reducing operational risk and costs.
Bob Harless, senior vice president, capital markets, M&I Marshall & Ilsley Bank, said: "The Calypso system will provide M&I with valuable tools that will significantly enhance our ability to provide risk management products to our clients."
According to Calypso, Fast-Track is a new software product designed to assist new and existing customers with their rapid implementation and deployment of the Calypso application. Calypso Fast-Track offers new users with the opportunity to familiarize themselves with the Calypso application in a simulated live environment, providing pre-configured data 'out-of-the-box' within Calypso's front to back office application, including risk management, reporting, and accounting.
Charles Marston, CEO of Calypso, said: "We are very pleased to be working with M&I. We are committed to providing a best-of-breed solution for regional banks and are looking forward to supporting M&I as they continue to grow."
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index