Calypso Technology has announced that Banco Espirito Santo SA has selected Calypso Technology’s front office module to support their trading of a wide range of financial derivatives following the implementation of the Calypso back office solution for the bank’s FX business.

By selecting the Calypso system, BES will have a platform that will enable the bank to multiply its business capacity by offering services across multiple asset classes. The Calypso system will support the bank’s trading of cross-derivative products, including interest rate, credit, equity, FX and commodity derivatives from an integrated trading, risk management and processing platform. The Calypso system provides out of the box interfacing with price information from Reuters foundation API, Bloomberg data license, Markit reference IDs and asset pricing service, as well as the DTCC.

“We are extremely pleased to be working with BES, and the selection of Calypso’s front and back office modules by BES demonstrates our continued success in Southern Europe,” comments Charles Marston, CEO and chairman, Calypso Technology. “We are committed to supporting institutions that wish to sustain growth and develop both regionally and globally. We look forward to expanding our business in the region.”