Wells Fargo signs up to Calypso
Wells Fargo will use Calypso Technology transaction and processing software to support its interest rate derivatives trading desk in San Francisco, said Calypso and bank officials.
Wells Fargo investigated other vendors but declined to name them. The bank also considered internally developing the software.
The Calypso rollout should consolidate a significant number of stand-alone applications into a single trading platform. The bank hopes to boost productivity, trading volumes and margins.
Wells Fargo can incorporate its own analytics into the Calypso software - a compelling benefit, according to bank officials.
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