Nasdaq Calypso Clearing
Optimize clearing. Strengthen resilience. Scale with confidence.
An Integrated OTC and ETD Clearing Solution
Nasdaq Calypso Clearing helps firms modernize clearing operations to improve client service, increase efficiency, and support global follow-the-sun models. The platform enables OTC and ETD processing on a single end-to-end solution designed to strengthen resilience and support optimization across the clearing lifecycle.
Adjust to Change
Navigate market volatility, rising volumes, and industry change with a scalable solution built to evolve.
Reduce Risk
Reduce complexity and risk supported by global exchange and CCP connectivity, real-time margin and risk insight, position management and data reconciliation.
Enhance Efficiency
Help improve efficiency and reduce costs with automation, cross-asset optimization, and deployment options tailored to your business.
Consolidate global clearing operations across exchange- and OTC-traded assets on a single platform designed for efficiency, transparency, and growth.
Nasdaq Calypso Clearing provides an end-to-end solution to manage over the counter (OTC) and exchange-traded derivatives (ETD) clearing in high-velocity, volatile market conditions. Offering automated workflows, straight through processing (STP), extensive connectivity, and integrated risk management, it enables clearing brokers and self-clearing firms to reduce operational risk and optimize their processes. But not just today, Nasdaq’s large-scale product development drives continuous innovation and best practice adoption.
How Nasdaq Calypso Supports Scalable Clearing Operations
Consolidated Multi-Asset Clearing
Consolidate processing of diverse clearing programs with a modular, multi-asset solution, designed to unlock cross-asset optimization and operational efficiency. Leverage a scalable, resilient platform that supports sustained volume growth and accommodates numerous end-user accounts to help you confidently grow your business.
Extensive Market Coverage and Margining Support
Benefit from extensive market coverage and support for OTC and ETD margin methodologies used by more than 60 exchanges and CCPs, including SPAN2, PRISMA, IRM2, VaR-based margin, liquidity charges, and margin buffers.
Ease of Operations and Compliance
Streamline clearing operations with automated workflows and STP from trade capture and position, margin and collateral management, to end of day processing, reporting and settlement. Leverage standardized reporting for client, regulatory, and CCP reporting, including CME, ICE, LCH, EUREX, and HKEX.
Strong Risk Governance
Leverage powerful intraday and real-time risk analytics, margin calculators and exchange position limit monitoring across exchanges and CCPs globally to enhance risk governance and enable optimized use of capital.
Pre-Set Account Structures
Support buy-side client reporting requirements with various account structures such as ISA, OSA, NOSA, GOSA, and multi-branch, provided by Nasdaq Calypso Clearing.
Real-Time Reconciliation
Experience the ease of real-time reconciliation with a user-friendly dashboard that helps enable timely actions, supports accurate reporting, and streamlined settlement.
Optimize Clearing Workflows Across Markets
Multi-asset platform integrating front, middle and back office processes, including market, credit and liquidity risk management.
Intraday updates, 24/7 clearing with follow-the-sun approach.
Sophisticated collateral management enabling optimization and competitive client services.
Connected to a unique exchange and CCP community globally.
Holistic coverage of collateral and margin use cases (UMR, OTC & ETD clearing) enabling cross-margining.
Leverages AI for optimized exception management and risk analytics.
Standalone real-time initial margin and position limit monitoring modules facilitate enhanced ETD risk governance with quick onboarding
Multiple deployment and service options serve various needs, including:
- Accelerate cloud transformation with Nasdaq’s scalable and resilient, fully managed CapCloud deployment option
- Potential to optimize your time to market with streamlined onboarding and fully outsourced operations through our trusted BPaaS (Business Process as a Service) parner, Sernova Financial
Designed for Financial Institutions Navigating ETD and OTC Clearing Operations:
Including FCMs and clearing brokers managing client and house accounts, as well as asset owners and self‑clearing firms.
Explore how the modular Nasdaq Calypso capital markets and treasury platform serves the financial ecosystem.
Nasdaq Calypso
A versatile foundation with solutions built to scale.
Front Office Treasury Middle Office & Trading Risk Collateral, Margin & Securities Finance Post-Trade Processing Reserve & Monetary Policy Management Nasdaq CapCloudInsights for a Changing Clearing Landscape
Future-Proof Your Clearing Strategy
In partnership with Acuiti, Nasdaq surveyed 50 global FCMs and buy-side firms to uncover how clearing leaders are navigating rising volatility, legacy constraints and growing client demands. This report reveals where firms are investing, the biggest operational pain points in post-trade infrastructure, and why automation, real-time risk and AI adoption are now critical to staying competitive.
Future-Proof Your Clearing StrategyHow Tokenized Collateral Will Impact Derivatives Markets and Risk Management
Derivatives markets could be a proving ground for the transition to tokenized collateral. Nasdaq's Dan Upbin explores the impact to operations and how firms should think about technology.
Read the BlogHow to Navigate Change in an Always On Ecosystem
Watch the conversation on how clearing firms are planning to invest in their post‑trade and clearing technology driven by rising volatility and volumes, intensified client demands, and rapid technology development in AI and blockchain.
Watch the Replay