An integrated front-to-back solution for trading, risk management, and processing. Supports multiple asset classes including rates, credit, equities, FX, commodities, and structured products with real-time position monitoring and P&L calculation.
Systems that support issuance, trading, and management of capital market instruments such as stocks, bonds, and derivatives.
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Multi-Asset Support Ability to handle equities, fixed income, derivatives, FX, and other instruments. |
Calypso is described as supporting multiple asset classes including equities, fixed income, derivatives, FX, and commodities. | |
Order Routing Configurable order routing to global markets and venues. |
Calypso supports configurable order routing to global markets, as per capital markets product positioning. | |
High Throughput Number of orders processed per second. |
No information available | |
Low Latency Execution Average time from order entry to execution. |
No information available | |
Pre-Trade Risk Checks Real-time pre-trade compliance and risk checks. |
Calypso advertises real-time, pre-trade risk and compliance checks. | |
Algorithmic Trading Support for execution algorithms (VWAP, TWAP, POV, etc). |
Algorithmic trading support is documented as part of Calypso's order/execution suite. | |
Direct Market Access (DMA) Direct connectivity to market venues without intermediaries. |
Direct market access (DMA) is supported through vendor partnerships and Calypso's connectivity modules. | |
Smart Order Routing Automation to optimize execution across multiple venues. |
Smart order routing is explicitly referenced in Calypso's execution workflows. | |
Order Lifecycle Management Tracking and management of order status from initiation to settlement. |
Order lifecycle management is a core platform feature, supporting tracking from order placement through settlement. | |
Trade Enrichment Augmenting trades with additional reference data or client attributes. |
Trade enrichment is included via integration of reference and market data within Calypso workflows. | |
FIX Protocol Support Seamless integration with counterparties and venues via the FIX protocol. |
Calypso supports FIX connectivity for counterparty and venue integration. | |
Error Handling Robust mechanisms for error detection, reporting, and resolution. |
Calypso provides robust error handling for trades, orders, and data feeds. | |
Block Trading Handling of large block orders and negotiation workflows. |
Block trading support for large institutional workflows is documented as a feature. | |
Order Staging Staging area for compliance and operational checks before release. |
Order staging for compliance and operational review is part of Calypso's workflow configuration. |
Real-Time Risk Calculation Horizontal and vertical risk metrics updated live. |
Real-time risk calculation (horizontal and vertical) is referenced in risk and P&L monitoring documentation. | |
Credit Limit Monitoring Automated monitoring and control over trading limits. |
Automated credit limit monitoring is cited as part of Calypso's risk management offering. | |
Market Abuse Detection Surveillance for insider trading, spoofing, and other abuses. |
Market abuse and surveillance features are offered via native and partner modules. | |
Regulatory Reporting Support for MiFID II, Dodd-Frank, EMIR, and other jurisdictional reporting. |
Regulatory reporting (e.g., MiFID II, Dodd-Frank) is explicitly supported. | |
Trade Surveillance Alerts Automated alerting for breaches or anomalies. |
Trade surveillance alerts (e.g., rule-based and exception alerts) are documented. | |
Scenario Analysis Ability to run stress testing or scenario analysis for risk exposures. |
Scenario analysis and stress testing features are covered in risk reporting modules. | |
Pre-Trade Compliance Checks Prevent trades that would violate regulatory or client compliance rules. |
Pre-trade compliance to prevent rule-violating activity specifically called out in solution specs. | |
Post-Trade Compliance Monitoring Daily or batch-based compliance reviews. |
Batch and end-of-day post-trade compliance monitoring, including reporting, included in compliance functions. | |
Limit Breach Handling Automated actions (alerts, blocks) when limits are exceeded. |
Automated breach response mechanisms, including alerts and blocks, referenced in risk management descriptions. | |
Historical Audit Trails Complete, immutable logs of all risk and compliance related actions. |
Comprehensive audit trails for risk and compliance processes mentioned as a platform feature. | |
Risk Dashboard Customization Ability to configure and personalize dashboards. |
Dashboards in Calypso can be configured for risk and operation KPIs. | |
Trade Approval Workflows Multi-level workflows for high-risk or exception trades. |
Multi-stage trade approval workflows, including for exceptions/high-risk, is included. | |
Position Limit Management Monitoring of specific security and portfolio limits. |
Position limit management discussed within integrated risk framework of solution. | |
Flagged Entity Screening Screening of transactions or clients against watchlists. |
Client and entity screening against internal/external watchlists included within compliance tools. |
Exchange Connectivity Direct or via service providers to multiple market venues globally. |
Calypso advertises direct and managed connections to multiple global exchanges. | |
Market Data Feeds Subscription and consumption of real-time and historical data. |
Comprehensive real-time and historical market data feed support. | |
Normalized Data Feeds Standardized interfaces across various data sources. |
Calypso standardizes data feeds from different sources for unified processing. | |
Latency Monitoring Measuring and optimizing data transfer speeds. |
No information available | |
Data Feed Redundancy Failover mechanisms for critical data sources. |
No information available | |
Reference Data Management Centralized management of security identifiers, symbology, pricing, and corporate actions. |
Reference data master is integrated as part of central data management. | |
API Integration Comprehensive APIs for inbound and outbound data. |
Calypso offers APIs for inbound/outbound trade and market data integration. | |
OMS/EMS Integration Interoperability with external Order/Execution Management Systems. |
OMS/EMS and other system interoperability is documented as an integration feature. | |
Cross-Venue Aggregation Aggregated view of orders, quotes, and trades across venues. |
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Connection Bandwidth Maximum data throughput supported. |
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Data Latency Time taken for market data to reach the client. |
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Multi-Timezone Support Ability to operate seamlessly in multiple regional time zones. |
Calypso operates globally and is designed for multi-timezone use. | |
Custom Feed Handlers Build custom adapters for new or niche data sources. |
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Data Usage Monitoring Track data consumption for cost or regulatory reasons. |
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Trade Confirmation Electronic delivery and affirmation of trade details with counterparties. |
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Clearing Connectivity Integration with central counterparties and clearinghouses. |
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Automated Settlement Instruction Generation and delivery of SWIFT and other settlement messages. |
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Settlement Cycle Support Supports multiple settlement cycles (T+0, T+1, T+2, etc.). |
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Fail Trade Handling Processes for managing failed or unmatched trades. |
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Reconciliation Tools Automated trade and position reconciliation across systems. |
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Trade Matching Rates Percentage of trades automatically matched and settled. |
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Physical and Book Entry Settlement Support for both physical and electronic settlement types. |
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Corporate Actions Processing Automated handling of dividends, splits, etc. |
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Custodian Integration Straight-through processing with custodian banks. |
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Settlement Exception Management Exception tracking, workflow, and resolution tracking. |
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Regulatory Settlement Reporting Automated compliance with settlement reporting standards. |
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Settlement Volume Capacity Maximum number of trades settled per day. |
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Fee and Tax Calculation Automated calculation and reporting of settlement fees and taxes. |
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Real-Time Analytics On-the-fly analysis of trades, positions, and risk. |
Real-time analytics—including P&L and risk—are featured capabilities. | |
Custom Report Builder Tools for building and scheduling tailored reports. |
Calypso includes a custom report builder and scheduled report tools. | |
Regulatory Reporting Templates Pre-built templates for regulatory compliance. |
Pre-built regulatory reporting templates for global jurisdictions provided. | |
Client-Specific Reporting Support for customized client and investor reports. |
Client-specific and investor reporting functionality included in solution. | |
Data Export Capabilities Export to formats like CSV, XML, JSON, or direct API feed. |
Data export capabilities to multiple formats (CSV, XML, JSON, API export). | |
Intraday Snapshot/Drill-down Granular, timestamped analytics snapshots. |
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Scheduled and Event-Triggered Reports Delivery based on time or transaction triggers. |
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KPI Dashboard Real-time tracking of key performance indicators. |
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Reporting Throughput Number of reports generated per hour. |
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Interactive Data Visualization Graphs, charts, and interactive visuals for exploring data. |
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Historical Data Access Access to trade, position, and P&L history. |
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Role-Based Report Access Different access privileges per user type. |
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Automated Error/Exception Reporting Flag and document unusual data conditions. |
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Flexible Report Distribution Email, SFTP, API, or secure portal delivery options. |
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Horizontal Scalability Able to add additional servers/nodes for increased workload. |
Enterprise deployments cited include global banks with horizontal scalability. | |
Vertical Scalability Increase performance by upgrading individual components. |
Support for enhanced compute and vertical scalability on-premises/cloud. | |
Concurrent User Capacity Number of users supported simultaneously. |
No information available | |
Failover Capabilities Seamless system switchover during component failure. |
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Disaster Recovery Time Estimated time to recover services after disaster. |
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Peak Transaction Throughput Capacity to handle surges in trade/event volume. |
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Cloud Deployment Readiness Native or hybrid support for cloud infrastructure. |
Supports both cloud and hybrid deployment models. | |
Auto-Scaling Automatic allocation of resources during high load. |
Calypso offers auto-scaling capabilities in cloud deployments. | |
Load Balancing Distribution of workload across multiple servers. |
Load balancing support included for scalable/high-availability deployments. | |
Zero Downtime Upgrades Apply updates without interrupting service. |
Zero downtime upgrade support claimed for cloud and managed Calypso deployments. | |
Multi-Instance Support Run multiple concurrent instances for multi-tenant needs. |
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Geo-Redundant Architecture Replication in multiple data centers for resilience. |
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Elastic Storage Capacity Expandable storage for growing trade data. |
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Performance Monitoring Dashboard Real-time resource and throughput monitoring tools. |
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Multi-Factor Authentication Requires more than one method for login authentication. |
Multi-factor authentication is a standard feature for enterprise security. | |
End-to-End Encryption Trade data encrypted in transit and at rest. |
End-to-end encryption in transit and at rest is part of platform security documentation. | |
Role-Based Access Control Strict user access based on permissions and roles. |
Role-based access for different business and tech/user groups is included. | |
Audit Logging Comprehensive logs of user and system actions. |
Audit logs of transactions, user and system actions are available. | |
Single Sign-On (SSO) Integrates with corporate identity services for secure login. |
Single sign-on support available for enterprise installations. | |
Data Loss Prevention Protects against unauthorized data transfer or leakage. |
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Intrusion Detection Monitoring and alerts for potential system breaches. |
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User Session Timeouts Automatic logoff after inactivity. |
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IP Whitelisting Restrict access to approved network addresses. |
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Regular Security Patching Routine application of security updates. |
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Data Masking/Redaction Sensitive information hidden from unauthorized users. |
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Penetration Testing Support Facilitates vulnerability testing and remediation. |
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User Password Policy Enforcement Enforces complexity and rotation requirements. |
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Secure File Transfer All file exchanges via encrypted protocols. |
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Customizable Dashboards Personalize screens for workflows, products, or user roles. |
Personalizable dashboards for workflows and role-specific layouts. | |
Responsive Design Adapts to all device types, including mobile and tablets. |
UI is responsive and designed for various device types. | |
Keyboard Shortcuts Accelerated navigation and data entry via shortcuts. |
No information available | |
Drag-and-Drop Workflow Flexible organization of widgets, tools, and orders. |
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Multiple Language Support UI available in multiple international languages. |
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Real-Time Notifications Instant alerts and messages for trade or risk events. |
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Accessibility Compliance Meets WCAG/ADA accessibility standards. |
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Theme and Branding Adjust color schemes and logos for clients/branches. |
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API Access for Custom UI Support for building custom user interfaces using APIs. |
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Integrated Help/Tooltips In-product tips and help contextually integrated. |
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Bulk Upload/Download Tools Simultaneously upload or download multiple records. |
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UI Response Time Average user interface response latency. |
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Custom Alerts and Filtering Personalized alert and workflow filter settings. |
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Multiscreen/Window Support Arrange and move application windows/floors across screens. |
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Open API Framework RESTful, SOAP, or FIX APIs for all platform capabilities. |
APIs for custom UI development and extensibility are documented. | |
Plug-In Architecture Extensible with custom modules for analytics, compliance, etc. |
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Batch File Import/Export Bulk data transfer capabilities to/from other systems. |
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ERP/Back-Office Integration Connectivity to ERP, accounting, and finance software. |
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Data Transformation Tools Utilities to cleanse or reformat inbound/outbound data. |
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Event-Driven Messaging Trigger workflows or alerts based on business events. |
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External Data Vendor Integration Pre-built adapters for Bloomberg, Refinitiv, etc. |
Adapters for major external data vendors (Bloomberg, Refinitiv) available. | |
Workflow Automation Engines Custom rule or script-based workflow definition. |
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Reporting System Integration Push data to external or regulatory reporting engines. |
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Testing Sandbox Environments Provision simulated test systems for development. |
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Data Synchronization Frequency Time between system sync cycles. |
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Event Log Exporting Ability to export logs in standard formats for analytics. |
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Authentication Federation Single, unified identity across integrated systems. |
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Microservices Support Ability to leverage or expose platform microservices. |
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Automated KYC Checks Integration with KYC databases and workflows. |
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Account Opening Automation Electronic account forms and workflow automation. |
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Document Management Secure upload, storage, and retrieval of client documents. |
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Customer 360 View Consolidated view of client products, history, and interactions. |
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Lifecycle Alerts Notifies relationship managers about reviews, renewals, or milestones. |
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Relationship Tree Mapping Visualization of client, sub-account, and affiliate relationships. |
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Consent and Regulatory Flag Tracking Store and track required client consents. |
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Onboarding Time Metrics Average time to complete onboarding per client. |
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Client Portal Access Self-service web portal for onboarding, documentation, and status. |
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Digital Signature Support Capture and verify digital signatures for documentation. |
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Bulk Client Upload Upload multiple client profiles via template or API. |
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AML Screening Integration Link to Anti-Money Laundering screening tools. |
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Data Anonymization Tools Options to mask or anonymize client data in non-production. |
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Integrated Financial Profiling Risk and suitability profiling embedded in onboarding. |
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Deployment Models Support on-premise, cloud-hosted, or hybrid installations. |
On-premise, cloud, and hybrid deployment options specifically mentioned in Calypso literature. | |
Continuous Integration/DevOps Tooling Support for CI/CD pipelines in development. |
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Automated Upgrades and Rollbacks Easy upgrade/rollback with minimal user disruption. |
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24x7 Monitoring and Alerts Comprehensive operations dashboard with alerting. |
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Self-Healing Processes Automated detection and recovery from common failures. |
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Service Uptime SLA Guaranteed minimum uptime. |
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Automated Backups Scheduled backup of all configuration and data. |
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Rollback/Test Environments Provision of environments for patch or rollback testing. |
Test/rollback environments cited as part of release and upgrade workflow tools. | |
Configuration Management Central, secure management of system configurations. |
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Automated Log Rotation/Retention Manage and purge logs based on policies. |
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Dynamic Scaling Real-time scaling in response to operational load. |
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User Support Portal Issue tracking, ticket portal, and knowledgebase. |
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Automated Patching Automatic rollout of patches/updates. |
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Performance Benchmarking Tools Internal tools to benchmark and report platform performance. |
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