Nasdaq Calypso

    Nasdaq and AWS to Advance Capital Markets and Banking Infrastructure Across the Financial System
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    FT Calypso Clearing
    FT Calypso Clearing

    Nasdaq Calypso Clearing

    A front-to-back solution for clearing of exchange and OTC-traded derivatives

    The need for optimized clearing processing continues to rise along with changing regulations, high-speed trading and market volatility, demanding automated workflows, real-time margin replication, risk management and optimization.

    Nasdaq Calypso Clearing empowers financial institutions to consolidate clearing across asset classes and geographic markets with a follow-the-sun approach for streamlined, resilient, and optimized operations.

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    An integrated OTC and ETD clearing solution

    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. 

    Adjust to the constantly changing clearing space and adopt technological innovations that enable you to run a global book.

    Reduce complexity and risk with global exchange connectivity, real-time margin replications, position management, and reconciliation of data.

    Enhance efficiency and lower costs with automation, cross-asset optimizations and deployment options tailored to your needs.

    Nasdaq Calypso Clearing

    Benefits for You

    Consolidated multi-asset clearing

    Using Nasdaq Calypso, financial institutions can unify cleared and uncleared post-trade operations in a single solution—from trade capture, margin calculations, position management, collateral management, to end-of-day processing, reporting, and more. This enables streamlining of infrastructure and quick expansion into new asset classes and markets.

    Extensive market coverage and margining support

    Benefit from extensive market connectivity and support for OTC and ETD margin methodologies to replicate margin requirements for 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 and client onboarding with automated workflows and STP. Leverage out-of-the-box reporting capabilities for client reporting and compliance with regulators and CCPs including CME, COMDER, CRCC, ICE, LCH, EUREX, and HKEX.

    Cost reduction

    Lower clearing costs with consolidated infrastructure, automation, and collateral optimization. Multiple cloud-hosting and service options enable deployment optimized to each organization’s needs.

    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 enables timely actions, accurate reporting, and dispute-free settlement.

    Nasdaq Calypso Clearing

    Key Features

    Hong Kong skyline

    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

    Multiple deployment and service options serve various needs, including:

    • Accelerate cloud transformation with Nasdaq’s scalable and resilient, fully managed CapCloud deployment option
    • Onboard quickly and outsource operations with Sernova Financials’ BPO service

    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

    Multiple deployment and service options serve various needs, including:

    • Accelerate cloud transformation with Nasdaq’s scalable and resilient, fully managed CapCloud deployment option
    • Onboard quickly and outsource operations with Sernova Financials’ BPO service

    Thought Leadership

    Insights for a Changing Clearing Landscape

    Nasdaq VX Collateral Tokenization Report

     

    Collateral Tokenization Survey

    The $340 Million Case for Tokenized Collateral: What Industry Steps Are Needed for Adoption

    Collateral operations are mission-critical—but manual processes, corrective buffers and settlement failures are creating costly post-trade frictions. A new global report from Nasdaq and the ValueExchange surveys firms on their tokenization plans, the impact to capital efficiency, the realities of institutionalization and how the industry can move forward.

    Download the report

    Additional Resources

    Blog

    How 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 blog->

    Press Release

    Nasdaq and QCP Set New Standard of Capital Efficiency by Connecting Canton Network to Nasdaq Calypso

    Nasdaq has facilitated end-to-end margin and collateral workflows on the Canton Network, connecting the blockchain-based technology to Nasdaq Calypso. The use case was developed in partnership with QCP, Primrose Capital Management and Digital Asset.

    Read the press release->

    Get started with Nasdaq.

    Let's start a conversation

    Interested in Nasdaq Calypso Clearing or other Nasdaq capital markets products or services? Complete the form to get in touch with our team.

    Who we serve

    Designed for financial institutions navigating ETD and OTC clearing operations:

    •  FCMs and clearing brokers managing clearing of client and house accounts
    • Asset owners, self-clearing firms

    •  FCMs and clearing brokers managing clearing of client and house accounts
    • Asset owners, self-clearing firms

     

     

     

    60+
    cleared derivatives markets connected/supported

     

     

     

    270+
    clients use Calypso

    Resource Library

    Additional Information

    Nasdaq Financial Technology Brochure

    Nasdaq Calypso Clearing Solution

    Discover how fast-evolving market and regulatory requirements have been impacting the clearing space, resulting in new and expanding clearing opportunities.

    • Download the brochure->
    Nasdaq Financial Technology Brochure

    Nasdaq CCP Clearing and Collateral Solutions

    As regulatory reforms and market structure changes transform collateral management needs globally, Nasdaq’s Clearing and Collateral solutions provide a strategic platform for CCPs to enhance services, realize collateral efficiencies, and capture business opportunities in the new collateral management paradigm.

    • Download the brochure->
    FT_Case_Study_Resource_Asset

    The LBBW Simplification Journey

    Read about how a large German bank leveraged the Nasdaq Calypso front-to-back platform to streamline operations, reduce costs, comply with regulations, and innovate in new market segments.

    • Download the case study->
    Explore More Resources ->

    Explore how the modular Nasdaq Calypso capital markets and treasury platform serves the financial ecosystem.

    Nasdaq Calypso