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HSBC Bank USA has extended its use of Calypso Technology’s trading and processing platform to include equity derivatives products. “We expect to move all our equity derivatives business to Calypso by the end of this year,” says Sandeep Saksena, head of derivatives and foreign exchange information technology at HSBC Bank USA.
HSBC already uses the San Francisco-based technology provider’s platform for credit derivatives trading. Saksena adds that cost reduction was another
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