Landesbank Baden-Wurttemberg selects Calypso

Calypso Technology, a provider of capital markets trading software solutions, announced on Monday that Landesbank Baden-W├╝rttemberg (LBBW), a financial services provider in southwestern Germany with
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Calypso Technology, a provider of capital markets trading software solutions, announced on Monday that Landesbank Baden-W├╝rttemberg (LBBW), a financial services provider in southwestern Germany with retail, corporate and financial market clients worldwide, has selected Calypso’s platform for trading interest rate derivatives, credit derivatives, risk analysis and back-office processing.

The financial markets division of LBBW provides banks, corporate and institutional clients with capital market funding and risk management solutions, including instruments and solutions for hedging interest rate and credit risks. As part of LBBW’s corporate strategy, the company says it is making a targeted effort to grow its capital markets business through the development of structured products as well as the corporate derivatives business.

“In 2006, existing customers grew their usage of these complex derivative products, and we grew our customer base within and outside of Germany,” says Ralf Winkelmann, head of capital markets, LBBW. “We needed new systems that could process these complex products, while allowing us to innovate by quickly adding support for new trading instruments as the markets evolve,” he adds.

“Financial markets are growing more complex every day,” comments Charles Marston, CEO, Calypso Technology. “Our vision to provide an integrated product that addresses all asset classes with front-to- back-office functions makes it possible for innovative financial services providers to serve their clients in new ways,” he adds.

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