The first phase of the project included processing for forward rate agreements and futures as well as limits management. The second phase, including foreign exchange, went live in November 2009.
ASB leveraged Calypso’s Fast-Track to accelerate the deployment of the trading, risk and operations application. Calypso Fast-Track provided ASB with a pre-configured database and associated process documentation. ASB was then able to focus more attention on its products and processes, interfaces and data migration rather than the mechanics of simply getting the application up and running.
Kerry Francis, CEO of treasury and financial markets, said: “Choosing Calypso was a strategic decision for us. By implementing Calypso, we now have sophisticated trading capabilities across a number of asset classes while benefiting from the efficiencies of centralized workflow.”
Guy Curtis, head of treasury and financial markets operations at ASB, said: “We have increased our STP rates significantly and this achievement is testament to the strength of our partnership.”
Charles Marston, chairman and CEO of Calypso, said: “We are delighted to be working with ASB to support the Bank’s treasury operations. Australia and New Zealand continue to be important areas of growth for Calypso, and we look forward to growing our presence and client base in the region.”
Calypso is a global application software provider that delivers an integrated suite of trading applications to the capital markets function within banks and other companies participating in the world’s financial markets.
