Spanish commercial bank selects the Calypso platform for real-time trading and 360° middle-office and intraday risk monitoring
Adenza today announced that Banco Cooperativo Español has selected its Calypso front-office trading and risk management solution to power its cross-asset capital-markets trading activities and consolidate pricing, middle-office, P&L, and risk analytics on a single platform.
By adopting a real-time and holistic front-to-risk solution, the bank is set to efficiently manage a growing portfolio that copes with the velocity of market conditions and an evolving regulatory landscape. Banco Cooperativo Español will also adopt a new approach to treasury management, including intraday cashflow monitoring and liquidity projections.
With the cross-asset Calypso front-office trading and risk management solution, Banco Cooperativo Español can access real-time P&L and risk analytics dashboards to scale, simplify, and optimize its business. By providing intraday simulations and limits, native pricing of complex structured products, and a holistic suite of risk metrics including the standardized approach for counterparty credit risk (SA-CCR) and market risk (SA-MR), ISDA Standard Initial Margin Model (ISDA-SIMM), and P&L Explained by Greeks, the Adenza platform enables the bank to grow and thrive in a rapidly changing environment.
About Banco Cooperativo Español
Adenza provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms which can be delivered on-premises or via the cloud. Adenza enables financial institutions to consolidate and streamline their operations with front-to-back solutions integrated with data management and reporting, benefitting from a single source of truth across the business.
With headquarters in London and New York, Adenza has more than 60,000 users across the world’s largest financial institutions spanning global and regional banks, broker dealers, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearing houses, securities services providers and corporates.