The US bank is using Calypso’s front to back system to consolidate its trading and processing for credit, interest rate and equity derivatives onto a single platform.
Technology is vital to the success of our derivatives businesses, and Calypso gives us the modern technical infrastructure required to support continued growth, said Sandeep Saksena, head of global derivatives IT at Bear Stearns. We see it as a competitive advantage in our markets.
We are pleased to be part of Bear’s investment in its future derivatives platform. In rationalizing its technology environment, Bear is actively addressing a problem faced by many trading organizations. It is a decisive step, commented Charles Marston, chairman of Calypso.
