Calypso Technology Inc, a globalprovider of an integrated trading application suite to the capitalmarkets industry, announced that Northwestern Mutual has selected the Calypso trading platform as its solution for front, middle and backoffice. Northwestern Mutual, with over $120 billion of managed assets,will employ Calypso’s services for trading of its OTC derivatives.
"We are pleased that a company such as Northwestern Mutual has selectedCalypso to manage its OTC derivative activities," says Charles Marston, ceo of Calypso. "We are committed to supporting insurance companies andother traditional buy-side institutions with our integrated product suite."
Calypso’s strength is in providing clients an open architecture, adedication to product development, and a commitment to delivering asystem that can be deployed in stages allowing users to access thesystem sooner in a limited capacity. Calypso offered Northwestern Mutual the ability to Fast-Track product implementation methodologies andtraining, which demonstrated its commitment to the implementationprocess.
"Customer service was a major factor in our selection of Calypso," says Don Forecki, director – Investment Operations for Northwestern Mutual."Calypso’s responsiveness thus far has been excellent and we lookforward to continued strong support throughout the implementationprocess as well as once we go into production."
