Patsystems plc has signed a contract with Calyon Financial to provide a system for margining of their FX business. The solution will cater specifically for spot and forward FX and FX options, both vanilla and exotic. The system is a further implementation of the Risk Informer product that Patsystems supplied to Calyon Financial last year to manage their ETD DMA business. Prior to selection of Patsystems’ Risk Informer, Calyon carried out a competitive analysis of the market.
Risk Informer enables the real-time calculation of margin and management of risk across all asset classes. The system has the capability of rapidly incorporating new asset classes and proprietary analytics as well as standardised ones. The system’s sophisticated design and flexibility was a primary reason for Calyon’s selection of the product.
David Webber, CEO Patsystems, said:
"Calyon’s decision to work with Patsystems again, and to develop their risk and margining solution further, is evidence of Patsystems’ commitment to delivering its products to clients successfully. We are seeing an increased demand for Risk Informer – its flexibility and its cross asset capability are winning characteristics."
David Cox, SVP& CTO, Calyon Financial, said:
"Patsystems’ complete and timely delivery of the Risk Informer system earlier this year gave us the confidence to approach them for a solution for our FX margining. The operational and development flexibility of this new system, makes it the ideal choice for us now and going forward.”
About Patsystems
Patsystems provides industry-leading trading technology: fast, reliable and secure electronic systems that support global connectivity from a single screen. Order routing to electronic and open outcry exchanges with comprehensive risk management and the ability to create tailor-made solutions through an open API (FIX or proprietary format), backed by superior customer support. Futures and options brokers worldwide distribute Patsystems' technology to thousands of end users, from independent traders and arcades up to large financial institutions and global brands.
About Calyon Financial
Calyon Financial (www.calyonfinancial.com) is a leading global brokerage firm dedicated to providing institutional clients efficient access to all major markets. The firm ranks among the top futures commission merchants in the world. Headquartered in Chicago, Calyon Financial has a presence in 13 major global financial centers. Calyon Financial is a wholly owned subsidiary of Calyon (www.calyon.com), the corporate banking arm of Crédit Agricole. Calyon is a major player in financial markets and among Europe's leading corporate and investment banks. Crédit Agricole and Calyon each hold AA credit ratings.
