Global application software provider Calypso Technology which supplies integrated trading, risk and processing platform to financial institutions, has reached an agreement with Brazilian BTG Pactual to support the bank's full range of portfolio assets including OTC derivatives and securities.
"BTG Pactual is a notable market maker for structured products and a true global innovator," said Charles Marston, CEO of Calypso Technology. "We look forward to helping the bank achieve its growth objectives."
BTG Pactual partner and CIO, Clecio Lima, said the strategic partnership with Calypso Technology will provide "the sophisticated technology and invaluable consultation we were looking for".
In the first phase, BTG Pactual will implement Calypso's back-office system for interest rate and equity derivatives products across the firm's global operations, including structured products.