Calypso Technology has signed a utility partnership agreement with Equinoxe Alternative Investment Services to establish a platform to provide full back and middle office support to hedge funds and family offices who trade a broad range of instrument types.
Services include investment accounting, matching, confirmation, settlement, collateral management, and reconciliations as well as full front office operations. Equinoxe deploys Calypso on the Cloud, so they can scale up to meet their growing volume of business.
"Our partnership with Equinoxe reflects Calypso's strategy to build an ecosystem founded on our technology and on our capability to deliver Cloud based services," says Calypso CEO Pascal Xatart (pictured). "Fund managers increasingly rely on derivative instruments and, governed by regulations such as AIFM, require robust infrastructure for transparent reporting and risk management. Powered by Calypso, Equinoxe will deliver to their needs."
Alan McKenna, head of solutions for Equinoxe, adds: "The timing of the partnership is excellent. There is a growing recognition among fund managers that back and middle office activities are a source of operational risk and a distraction from their core business. They are looking for a new approach, and our utility service creates a viable alternative for them. Working with an award-winning technology provider like Calypso is critical, as it gives the market additional confidence in the offering."
