A leading global asset management ﬁrm was consolidating its derivatives operations, inclusive of asset classes such as Credit Derivatives, Interest Rate Derivatives, Equity and Equity Derivatives, and FX Derivatives trades to Calypso. Extensive customizations were expected to support speciﬁc business needs such as additional OTC coverage, OIS Swap evaluation, Scalability of the platform etc.
Our customer required Quinnox to implement Calypso Back-Ofﬁce operations as a web-based system on the lines of the legacy Back Ofﬁce system and test every custom build release. We also had to develop a feature to communicate the derivatives trade positions, inclusive of new trades as well as lifecycle events on a real-time basis to the service provider, and reconcile trade positions with the service provider positions.
Quinnox consolidated and integrated all Back-Ofﬁce operations and Derivatives operations on to a single Calypso v12 trading platform. We deﬁned a structured and straight forward approach for data migration to Calypso and testing, in a very dynamic environment. Our solution included:
Connect all systems via WSO2 ESB
Quinnox designed derivatives operation that is streamlined from front to back using Calypso’s integrated solution ensuring ease of use for business users. The other beneﬁts included: