Software vendor Calypso Technology has announced it has extended its over-the-counter (OTC) clearing solution for end-users to support swap execution facility (SEF) connectivity.
Calypso has integrated Tradeweb Markets' TW SEF into its platform to allow its clients to automate cleared swap execution and ensure mandatory SEF execution compliance with an out-of-the-box request-for-quote (RFQ) and order book integration solution.
"More than ever, financial organizations require workflow efficiency; aggregation of trading, processing and clearing on a single platform; greater compliance; and risk management, as they seek to adapt and benefit from the new derivatives market structure," says Charles Marston, chairman and CEO of Calypso.
Through the new interface, Calypso's clients will have direct connectivity between Calypso and Tradeweb Markets' TW SEF for interest-rate swaps and credit default swap indices. The platform also supports straight-through processing for clearing workflows and prevents double entry of trade details.
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails