Tech update: Calypso, Redline, Etrali and more…

Calypso Technology has opened an office in Santiago, Chile in response to a growing client demand and increasing opportunities in the Latin American markets.

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Calypso Technology extends reach to Chile

Calypso Technology has opened an office in Santiago, Chile in response to a growing client demand and increasing opportunities in the Latin American markets.

The office will serve as a professional services hub as well as a sales and marketing base for the region. The area had previously been managed from the integrated capital markets platform provider’s New York office. According to Calypso, a local presence was required as a result of recent sales momentum and growth of its client portfolio.

Calypso provides a cross-asset front-to back-office platform for trading and operational needs, enabling the Chilean market to move to a centrally cleared derivatives environment. 

“We see great demand for our cross-asset capabilities from banks in the region who are looking to increase market share – both locally and globally, as foreign investors continue to focus on the region,” Carlos Patino, director of business development, Latin America and Caribbean, said.

“These currents are also being driven by a need to comply with multiple regulatory regimes, while moving quickly to capitalise on current opportunities.”

Redline Trading Solutions expands in Chicago

Redline Trading Solutions has opened a new sales and support office in Chicago.

“Our new office in Chicago enables us to provide outstanding field service in this important financial center as we expand our local customer base and hire new staff,” Mark Skalabrin, CEO of Redline Trading Solutions, a ultra-low latency market data and order execution systems provider, said.

“We see many opportunities in Chicago for our accelerated ticker plant and order execution gateway modules to help proprietary trading and market-making firms achieve ultra-low latency, more deterministic performance while lowering development and operational costs.” 

Etrali Trading Solutions rolls out Open Trade in NY and Paris

Etrali Trading Solutions is delivering its complete trading communication suite across Société Générale’s new trading floor in Paris, including open trade turret positions and recording services. 

Société Générale will also connect to Etrali’s Trading Community Services network, TCSnet. The partnership will see Etrali Trading Solutions provide further Open Trade platforms and trading services to the bank across the globe.

The turrets went live in New York in August this year, and the Paris trading floor will go live in December. More turrets for European cities – Frankfurt, Milan, Madrid and Luxembourg – are scheduled to follow in Q1 next year.

“Société Générale’s global roll-out of Open Trade highlights the fact that trading isn’t a local undertaking anymore,” Lionel Grosclaude, CEO at Etrali Trading Solutions, said.

“Société Générale’s traders can operate from anywhere on the globe and be presented with the same interface they see at their desks, safe in the knowledge they are fully compliant at all times.” 

Nasdaq OMX adds commodities trading link

Nasdaq OMX Commodities has added a trading and clearing link from EFETnet to Nasdaq OMX.

The link will enable traders and brokers using the EFETnet platform to report commodity trades to Nasdaq OMX Commodities for block trading and OTC clearing.

The link opens up straight througb processing opportunities for market participants and adds a range of new products to the EFETnet platform.

Bjørn Sibbern, Head of NASDAQ OMX Commodities, said: “We are very pleased that we now can offer this new trade reporting link together with EFETnet. That traders and brokers on the EFETnet platform can use EFETnet to report commodities trades to NASDAQ OMX, is a great step forward for the entire community and another contribution in making our markets ever more efficient.”