ASX Goes Live with Calypso Technology for OTC Clearing
The ASX has connected to the Calypso System to facilitate capital efficiency by clearing OTC and exchange-traded derivatives.
"Calypso is at the forefront of the expansion of OTC clearing platforms around the world," says Charles Marston, chairman and CEO of Calypso Technology. "Calypso OTC clearing is a proven, future-proof solution that enables efficient and competitive entry into new markets and clearing of new products. We look forward to continuing our partnership with ASX and delivering the next phase - client clearing in Australia."
The ASX OTC Derivatives Clearing Service launched on 1 July 2013 and clearing for Australian clients is expected to be launched in Q2 2014.
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