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Nasdaq Calypso Post-Trade Processing

Boost Back Office Efficiency with Automation, AI & Cross-Asset Capabilities
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Overview

Post-Trade Processing: Driving Client Value Beyond T+1

Always-on markets, accelerated settlement, rising volatility, and regulatory reforms require streamlined and reliable post-trade operations to ensure timely, cost-efficient, and regulatory compliant trade management.

Firms need an agile, scalable, and versatile solution that meets evolving business needs and facilitates adoption of new best practices.

The answer: Nasdaq Calypso Post-Trade Processing

Benefits

Seamless End-to-End Workflows

Enhance efficiency and reduce operational risk with a post-trade solution that natively integrates with Nasdaq Calypso’s real-time, front-to-back capital markets and treasury platform, as well as third party applications. Gain a competitive edge with globally proven, best practice workflows. 

Straight-Through Processing (STP), Workflow Automation & AI

Improve productivity, speed and precision with extensive ecosystem connectivity and automated confirmation, matching, and settlement processing—powered by AI for optimum predictability and efficiency—delivering true STP.

Comprehensive Multi-Asset Coverage

Grow revenue and consolidate post-trade processing across asset classes with end-to-end support from trade pricing to (hedge) accounting, enabling rapid expansion into new asset classes.

Efficient Oversight, Informed Decisions

Monitor and streamline back-office activities using the AI-powered operations dashboard with workflows tailored for each product type. Improve management reporting through real-time dashboards offering a comprehensive overview of KPIs as well as detailed insights into trades and cashflows.

Confident Compliance

Ensure proactive adherence to new regulations with a platform that stays current with evolving rules. Manage regulatory and internal reporting for both cleared and uncleared trades in a dedicated dashboard, offering full control and auditability.

Access to Innovation

Enhance agility and resilience with cloud deployment and managed services available via Nasdaq CapCloud. Take advantage of ongoing product development in AI, digital assets, and collateral tokenization to stay at the forefront of technological advancements.

Learn More

Nasdaq’s Guide to T+1 Implementation

Accelerate your T+1 transition with Nasdaq Calypso—download this guide to learn how our solution supports the move to T+1 settlement through robust automation, seamless workflow integration, and AI-driven tools that boost efficiency while minimizing operational risk.

Nasdaq’s Guide to T+1 Implementation
Features

Comprehensive Post-Trade Processing Capabilities

Nasdaq Calypso's Post-Trade Processing solution is an integral part of the modular Nasdaq Calypso platform, offering multi-asset class support across the trade lifecycle for efficient end-to-end operations. Featuring proven workflows validated by financial institutions worldwide, this solution facilitates streamlined onboarding and flexible configuration to meet specific customer needs. 
Rich Asset Class Coverage

Nasdaq Calypso's post-trade solution supports all types of securities and securities finance transactions, enabling firms to successfully navigate rapidly evolving market demands and industry standards.

Key Features

  • Provides comprehensive back-office processing across asset classes including FX, money markets, fixed income, equities, plain vanilla and structured derivatives
  • Enables quick and seamless expansion with Nasdaq Calypso clearing and collateral management capabilities, empowering competitive and optimized services across exchange-traded and over the counter trade flows aligned with evolving regulation, technology innovation, and best practices
Comprehensive Connectivity

The solution offers true STP with a powerful and flexible workflow engine, best practice configurations, and real-time connectivity to up and downstream market infrastructure providers, including:

  • Trading, market and static data platforms such as Eurex, Bloomberg, LSEG and Tradeweb
  • Clearing services with connectivity to MarkitWire, FIATech, FOW, as well as multiple CCPs and FCMs
  • Settlement services including collateral processing with SWIFT (MT & MX) and MarginSphere

Additionally, integration with in-house systems is supported through open APIs.
Automated Confirmation & Matching

Robust centralized confirmation and settlement matching, along with reconciliation and exception monitoring that directly feedback into the trade workflow, enable automated reporting and further processing.

Key Features

  • Real-time capture, confirmation, matching, and settlement of trades in any format (paper/electronic: HTML, PDF, SWIFT, XML, etc.)
  • Dispute resolution, investigation, chasing, aliasing, and allege functions with secure authorization based on 4-eyes control
  • Integrated reconciliation engine supports 3-way auto-matching based on user-defined rules using natural rule language (NRL)
Multi-Jurisdictional Settlements

Our flexible platform enables high-volume, real-time settlement with support for local jurisdictions, automation and AI-powered exception monitoring.

Key Features

  • Auto-assigns settlement and delivery instructions and prepares payments in real time supporting multiple formats, including SWIFT MT and MX
  • AI-powered failure prediction enables back-office staff to take proactive measures, ensuring faster and more predictable settlements
  • Offers same-day payment-versus-payment (PvP) functionality via CLSNet, along with support for other settlement service providers
Cash Management

Effective cash management begins with a clear view of current and future cash flows. Our centralized, automated platform helps you proactively manage default payments, cash positions, and client services.

Key Features

  • Enables account maintenance, review and approval of cash needs, auto-generated funding trades and account statements
  • Monitors payment defaults and automates cash sweeping
  • Dynamic dashboards provide aggregated and detailed views along with processing at desired level of granularity
Accounting & Hedge Accounting

Nasdaq Calypso enables financial institutions to maintain parallel ledgers for their legal entities and provides a robust solution for hedge accounting, ensuring resiliency and compliance through volatile market conditions.

Key Features

  • Generates automatic real-time postings from transactions, settlements, margin calls, and more in multiple currencies and end-of-day valuation and sub-ledgers
  • Supports industry-standard hedge accounting types across products (fair value, cash flow, and net investment) and hedging of multiple risks, such as interest rate and FX
  • Dedicated support for portfolio strategies (e.g., macro hedge) including capacity testing
  • Produces accounting P&L with line-by-line reclassifications
Regulatory Compliance & Reporting

Facilitates compliance by providing integrated support for international and regional regulatory regimes and standards, including:

  • Post-trade transaction reporting across equity instruments, derivatives, and securities finance (SFTR, MiFIR, MiFID II, etc.) and jurisdictions (EMIR, Dodd Frank, MAS, etc.)
  • Collateral/regulatory margin calculation methodologies including ISDA SIMM
  • Accounting rules with IFRS
  • Swift’s ISO20022 message standard for settlements, ANNA DSB interface for OTC derivatives
  • CSDR for securities settlement
  • Additional reporting coverage is offered through Nasdaq AxiomSL's trade and transactions reporting service, learn more here
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Featured Videos

Nasdaq Tech Stories
Nasdaq Tech Spotlight: C6 Bank
We spoke with Igor Rongel, Head of Investment at C6 Bank, to discuss the role of technology and innovation in providing better service for their customers. Learn more about their technology partnership with Nasdaq here.
Sep 11, 2024
Who We Serve

Built for Decision-Makers Navigating Complex Workflows

Nasdaq capital markets technology solution for post-trade operations is built for decision-makers navigating complex workflows in a fast-moving industry. It enhances both speed, accuracy, and agility across the post-trade lifecycle. 

Banks & Brokers

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Central Banks

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Asset Managers

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Insurance Firms

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Resource Library

Additional Information
Case Study

A Cloud First Foundation for Growth: Novobanco's Transformation with Nasdaq Calypso

Read how Portuguese bank novobanco used a Nasdaq Calypso upgrade and cloud migration to help reduce complexity, strengthen resilience and create a scalable foundation for growth.

novobanco
Brochure

Nasdaq Calypso Post-Trade Processing Solution

In today’s world of shrinking margins, growing complexity of exotics transaction processing and an ever-changing regulatory landscape, it is essential that firms transform their back offices into reliably agile, adaptable, auditable, scalable, and intelligent processing machines that efficiently serve their business needs.

Nasdaq Calypso Post-Trade Processing Solution
Case Study

Lift and Shift, Rebase and Test, Connect, Message, Trade … Check!

With ever-increasing regulatory requirements and a greater focus on system modernization, efficiency, and cost reduction, financial institutions have to be more strategic about how they allocate limited resources. The good news is that consolidated cloud-based solutions that facilitate the integration of trading, lifecycle, collateral, and risk functions offer a compelling answer to these increasing challenges.

Lift and Shift, Rebase and Test, Connect, Message, Trade … Check!
Explore Additional Resources

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 Clearing Reserve & Monetary Policy Management Nasdaq CapCloud

FAQs
What is Nasdaq Calypso Post-Trade Processing?

Nasdaq Calypso’s Post-Trade Processing solution is part of the modular Nasdaq Calypso real-time, front-to-back capital markets and treasury platform and enables back-office teams to automate post-trade operations across asset classes leveraging proven workflows, AI, and broad ecosystem connectivity.
What type of firms use Nasdaq Calypso Post-Trade Processing?

Nasdaq Calypso Post-Trade Processing is used by banks, brokers, central banks, asset managers, life insurance firms, and corporates to manage post-trade workflows across multiple asset classes.
What types of assets and products does Nasdaq Calypso support?

Nasdaq Calypso provides comprehensive multi-asset class coverage for post-trade processing across global markets, including OTC and exchange-traded, cleared and uncleared derivatives, FX, money markets, fixed income, equities, plain vanilla and structured products.
What type of ecosystem connectivity does it offer?

Nasdaq Calypso provides broad out-of-the-box connectivity with 60+ interfaces to trading systems, trade and data feeds, CCPs and clearing, collateral, and settlement services, and is now also expanding to blockchain rails.
What SWIFT standards are supported?

Nasdaq Calypso support Swift’s ISO20022 and ISO15022 messaging standards and the MX and MT formats. Additionally, Nasdaq Calypso is being integrated with Alliance Cloud, Swift’s next generation channel for connectivity to the global financial industry.
Does Nasdaq Calypso support the Common Domain Model (CDM)?

Yes, Nasdaq Calypso is introducing the standardized data and process model CDM in collateral agreement workflows, learn more.
What compliance and reporting capabilities are included?

Nasdaq Calypso provides dedicated dashboards for regulatory reporting and compliance, with comprehensive control and auditability for cleared and uncleared trades. It supports global and regional regulations such as SFTR, MiFIR, MiFID II and jurisdictions such as EMIR, Dodd-Frank, MAS, and standards such as Swift ISO20022 and ANNA DSB.

Additional coverage is offered through Nasdaq AxiomSL’s trade and transactions reporting service.
How does Nasdaq Calypso use AI to improve post-trade processing?

Nasdaq Calypso continuously introduces new generative and agentic AI features across the platform as part of its product roadmap, further enhancing analytics capabilities and operational efficiency for capital markets and treasury teams. Nasdaq Calypso Post-Trade Processing comes with an AI-powered operations dashboard for efficient monitoring and streamlining of back-office activities using workflows tailored for each product type. The embedded Settle Guard uses AI for settlement failure prediction ensuring faster and more predictable settlements and reduced error rates.
What are the main benefits of Nasdaq Calypso Post-Trade Processing?
  • Automates post-trade processing across asset classes with best-practice workflows
  • Supports post-trade processing of cleared and uncleared derivatives on a single platform, with integrated collateral management
  • Reduces operational risk and processing times with straight-through processing, including extensive ecosystem connectivity with more than 60 available interfaces
  • Provides real-time dashboards for oversight and control and integrates AI for enhance predictability and efficiency
  • Supports regulatory reporting and compliance
  • Enables integrated front, middle, and back-office operations on a single platform
  • Scales efficiently to handle high volumes and evolving market needs
  • Product roadmap with regular updates keeps pace with industry trends and tech innovations, ensuring proactive compliance and adoption
How does Nasdaq Calypso improve operational efficiency?

The platform integrates front, middle, and back-office processes on a single, workflow-based, real-time platform. It delivers straight-through processing (STP) with extensive ecosystem connectivity and automation for confirmation, matching, and settlement workflows, reducing manual intervention and processing times.
Can Nasdaq Calypso be deployed in the cloud?

Yes, Nasdaq Calypso can be deployed in the cloud through multiple cloud service providers and offers a fully managed service via Nasdaq CapCloud, enabling financial institutions to accelerate modernization and cloud adoption and reduce time to value leveraging proven services, learn more.