Synechron and SIX Group work on Calypso implementation
26 July 2017 Zurich
Image: Shutterstock
Synechron is helping SIX Group to implement Calypso v15, the SFR (Securities Finance Renewal) programme.
According to Synechron, the implementation of Calypso v15 will provide improved automation and efficiencies to the Swiss over-the-counter derivatives market. SIX also operates the Swiss Stock Exchange.
Calypso v15 will be applied to SIX’s post-trade services where it acts as a contractual triparty agent and will enhance its triparty collateral management services.
Synechron’s team of onsite and Serbia-based consultants will work with SIX to manage the project. A testing and production support team will also oversee the project.
The first phase of the project launched in January. It’s scheduled to last for two years.
Synechron previously worked with Calypso in Switzerland, notably on collateral management implementation. The consultancy and technology company was chosen from a pool of four during a competitive call for vendors last year.
Commenting on the partnership, Roger Oehen, head of the SFR project at SIX, said: “One of SIX’s fundamental values is to foster working relationships with its suppliers that are based on trust. Synechron has shown its commitment to building a long-term partnership with us.”
The partnership comes in the same month that Calypso acquired a minority stake in Sernova Financial, a provider of cloud-based clearing and post-trade services.
According to Synechron, the implementation of Calypso v15 will provide improved automation and efficiencies to the Swiss over-the-counter derivatives market. SIX also operates the Swiss Stock Exchange.
Calypso v15 will be applied to SIX’s post-trade services where it acts as a contractual triparty agent and will enhance its triparty collateral management services.
Synechron’s team of onsite and Serbia-based consultants will work with SIX to manage the project. A testing and production support team will also oversee the project.
The first phase of the project launched in January. It’s scheduled to last for two years.
Synechron previously worked with Calypso in Switzerland, notably on collateral management implementation. The consultancy and technology company was chosen from a pool of four during a competitive call for vendors last year.
Commenting on the partnership, Roger Oehen, head of the SFR project at SIX, said: “One of SIX’s fundamental values is to foster working relationships with its suppliers that are based on trust. Synechron has shown its commitment to building a long-term partnership with us.”
The partnership comes in the same month that Calypso acquired a minority stake in Sernova Financial, a provider of cloud-based clearing and post-trade services.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
