Published On: Wed, Jun 17th, 2009

Mitsubishi UFJ Trust and Banking Corporation (MUTB) Goes Live on Calypso

Calypso Technology Inc, a global application software provider of an integrated trading and risk management application suite to the capital markets industry, announced today that Mitsubishi UFJ Trust and Banking Corporation (MUTB) has gone live with the first phase of the Calypso Trading and Risk Management Platform. The offering delivers consolidated front- to back-office and cross-asset management across a broad range of financial instruments.

MUTB was seeking an integrated solution that would enable consolidation of its existing in-house front-office and outsourced middle-office infrastructures into one core system. After a thorough selection process, MUTB selected Calypso for its front-office trading, middle-office risk management and back-office processing capabilities, and immediately began working with Calypso’s product management and engineering teams to implement the first stage of this multi-phase global project.

With Calypso, MUTB will now be better able to maintain real-time risk and exposure, to standardize business process flows, and to automate and reduce manual operations in order to improve efficiency and reduce costs. MUTB commented, “We are pleased with the level of support Calypso Technology has provided and the resources they have dedicated to us. Our close working relationship was a key factor in helping us to get up and running quickly, within set time frame and budget. After successful completion of the first stage in London, we are looking forward to working with Calypso in the next phase of our project, in New York.”

Sean McDermott, Vice President, Asia-Pacific, Calypso, added, “We’re extremely pleased to be working with a leading firm such as MUTB who have the vision to leverage our solution in order to achieve enterprise-wide cost reductions and efficiencies. It is through strong partnerships such as this one that Calypso can offer the best possible ROI for our clients on their IT investment.”

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