Calypso and Quinnox: Pioneering the Next Era of Financial Trading System

Maximize Efficiency

In the fast-paced world of financial trading, the struggles of legacy systems can be a significant roadblock for institutions seeking to stay ahead. Outdated trading systems, built on antiquated technology, often struggle to keep up with the demands of modern markets. From slow execution times to limited scalability and integration challenges, these legacy systems can hinder efficiency, innovation, and competitive advantage.

If you’re a financial institution relying on legacy trading systems, it is time to upgrade it to a modern trading system like Calypso. 

Why You Need to Upgrade Your Legacy Trading Systems to Calypso

Here are some of the challenges that legacy trading systems can pose to financial institutions:

  • Outdated Technology: Outdated technology cannot keep up with the changing market developments and customer demands, leading to missed opportunities, increased risk, and compliance issues.
  • High Cost of Maintenance: The need for constant upgradation and patching of the software is costly as it leads to the consumption of a lot of time and resources.
  • Inefficient Operations: Inefficient and risky operations can expose you to errors, fraud, and compliance issues
  • Lack of Integration and Automation: It limits your capabilities and performance

These challenges can affect your profitability, reputation, and competitiveness in the industry. That’s why you need to upgrade your trading system with modern technology that can provide you with:

  • Agility to adapt to new business requirements and opportunities
  • Integration to connect with various data sources, systems, and platforms
  • Compliance to meet the regulatory standards and avoid penalties
  • Automation to streamline your workflows and reduce manual effort
  • Analytics to gain insights and optimize your decisions

Introducing Calypso: A Modern Solution

Calypso is a modern trading system that can help financial institutions overcome the challenges of legacy systems. Its advantages over legacy systems encompass performance enhancements, customization capabilities, simplified maintenance, and cost efficiency. Furthermore, Calypso’s “Project Simplify” initiative ensures rapid and smooth software updates.

legacy systems

Seamless Migration with Qmigrate

Migrating data from legacy systems to Calypso can be complex and time-consuming. Quinnox, a global provider of IT solutions and services, has developed Qmigrate, a data migration framework that includes:

  • Domain and technical experts
  • Migration and reconciliation accelerator tools
  • Best practices for data conversion and validation

Qmigrate can transform data into the Calypso data uploader format using Qconvert and then import data into Calypso. It supports migration from legacy systems to Calypso. By utilizing the capabilities of Qmigrate, financial institutions can expedite their migration process, reduce the risk of data discrepancies, and ensure data integrity during the transition. This approach saves time and resources and minimizes potential disruptions in business operations. 

Benefits of using Qmigrate

  • Accelerates migration time by up to 40%
  • Lowers migration cost by up to 40%
  • Enhances data quality by up to 90%
  • Handles large volumes of data and complex data transformations with ease

Enhanced Quality Assurance

Quinnox leverages Onprem and Cloud Testing Framework to guarantee a seamless migration experience and the highest quality application. These form a robust quality assurance framework that addresses the intricacies of Calypso’s functionalities.

5 Ways How Calypso Streamlines Testing Efforts 

  1. Reduce Manual Effort: Our Cloud Testing Framework allows businesses to develop and execute automated test scripts for Calypso instances, regression testing, and upgrade projects. This reduces manual effort, which makes the migration process more efficient.
  2. Improve Quality: Using the Cloud Testing Framework at Quinnox can detect more bugs during testing and reduce testing time and costs. This ensures that your Calypso application is high quality and meets your business requirements.
  3. Smooth Transition: With over 20+ years of experience and recognition from Gartner and Forrester, Quinnox has the expertise to guide you through the migration process. Quinnox has trained resources who are specialized in Calypso and can smoothly migrate your existing test cases to the Cloud Testing Framework.
  4. Comprehensive Support: Quinnox offers a wide range of services specifically for Calypso, from business analysis and solution design to implementation, upgrade, testing, maintenance, and optimization.
  5. Cost-effective Solutions: By leveraging our expertise and efficient processes, you can obtain cost-effective solutions without compromising quality or functionality. 

Quinnox Onprem Testing Framework is a sophisticated test automation framework that facilitates end-to-end testing across various Calypso modules and interfaces. It empowers financial institutions with comprehensive testing capabilities that cover a wide range of scenarios, ensuring that the Calypso application performs optimally in diverse situations.

With Quinnox Onprem Testing Framework, you can conduct thorough testing that encompasses real-world scenarios and potential edge cases, ensuring that your application is ready to deliver optimal performance in any situation.

Quality Assurance also leverages Quinnox’s innovative tool, Smartcompare, to accelerate data migration, automation testing, and reconciliation for Calypso and legacy applications. Smartcompare is a reconciliation tool that compares data between source and target systems and generates reports on discrepancies and exceptions.

Why Choose Quinnox for Legacy Trading System Modernization?

Partnering with Quinnox for your Calypso services brings several advantages:

  • Extensive Experience: With over 20+ years of experience in the industry, Quinnox has a deep understanding of the trading domain and expertise in Calypso. We have successfully delivered multiple projects and earned a reputation in the market as a trusted partner.
  • Recognized Expertise: Quinnox’s AI-augmented testing platform, Qyrus, has received recognition from leading research firms like Gartner and Forrester. This highlights their commitment to innovation, quality, and delivering exceptional solutions.
  • Comprehensive Service Offering: Quinnox offers a wide range of services specifically for Calypso, covering end-to-end support throughout the entire lifecycle of the Calypso application. 
  • Proficient Resources: Quinnox has a strong team of 150+ trained Calypso experts with the required skills and knowledge to ensure seamless functioning of Calypso throughout the entire application lifecycle. 
  • Cost-effective Solution: Quinnox also understands the importance of cost optimization for financial institutions and provides cost-effective solutions without compromising quality or functionality.

Contact our experts today to optimize your trading system with Calypso and Quinnox! We will be happy to discuss your specific business needs and requirements and provide you with tailored solutions to enhance your Calypso application’s performance, agility, and compliance.

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