Calypso Technology, a provider of an integrated suite of trading and risk management solutions, has joined the Wall Street Blockchain Alliance (WSBA), a non-profit trade association focused on promoting comprehensive adoption of distributed ledger technology in financial services.
"Given the depth and breadth of [Calypso's] expertise in financial markets, as well as their innovative approach to blockchain and other disrupting technologies, we are confident that collaborating with Calypso on behalf of their customers and WSBA members will provide deep and lasting benefit for all parties," said Ron Quaranta, chairman of the WSBA, in a statement.
Calypso was acquired by two private equity firms in April. Pascal Xatart, president of Calypso, told WatersTechnology at the time that the biggest change from the acquisition would be a greater investment in technology.
Jean Safar, chief architect at Calypso, said in a statement joining WSBA will help the firm's continued research in the blockchain space.
"We are excited about the opportunity to work with both their leadership and member firms as we explore the various applications of the distributed ledger," Safar said. "Our participation in the WSBA will enhance our existing blockchain research and development, allowing us to bring innovative solutions to market faster."
Bloomberg's Gerard Francis comes on the podcast to talk about how data fragmentation issues are becoming more challenging.Subscribe to Weekly Wrap emails