Wells Fargo signs up to Calypso

The US bank will use Calypso for front- to back-office trade processing, said a spokesman for the vendor. The software will support up to five traders working on the bank’s San Francisco interest rate derivatives trading desk.

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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