London-based hedge fund group BlueCrest Capital Management, with approximately $33 billion under management, has chosen Calypso's Front Office platform to support its funds.
According to San Francisco-based Calypso, its integrated front-office offering will support BlueCrest's order management, trade capture, lifecycle management, real-time position management, and risk management functions.
Products supported include interest-rate derivatives, bonds, repos, FX, equities, equity derivatives, credit, commodities, cash and loans; trades will be fed into Calypso from more than a dozen external trading platforms.
BlueCrest has been a Calypso client since 2008 when it adopted Calypso's Middle Office functionality. BlueCrest partnered with Calypso to help develop and build the vendor's Cross Asset P&L functionality, which has since become the backbone of Calypso's buy-side offering.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails