Nasdaq Calypso

    Nasdaq and Talos Partner to Advance Tokenized Collateral Management Across Mainstream and Digital Asset Markets
    Read the Announcement
    M-ELO hero image
    FT Calypso Clearing
    FT Calypso Clearing

    Nasdaq Calypso Clearing

    Optimize clearing. Strengthen resilience. Scale with confidence.

    Consolidate global clearing operations across exchange- and OTC-traded assets on a single platform designed for efficiency, transparency, and growth.

    Talk to Us

    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. 

    Navigate market volatility, rising volumes, and industry change with a scalable solution built to evolve.

    Reduce complexity and risk supported by global exchange and CCP connectivity, real-time margin and risk insight, position management and data reconciliation.

    Help improve efficiency and reduce costs with automation, cross-asset optimization, and deployment options tailored to your business.

    Benefits

    How Nasdaq Calypso Supports Scalable Clearing Operations

    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.

    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.

    Extensive connectivity

    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. 

    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. 

    Key Features

    Helps Optimize Clearing Workflows Across Markets

    Hong Kong skyline

    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

    Standalone real-time initial margin and position limit monitoring modules facilitate enhanced ETD risk governance with quick onboarding

    Leverages AI for optimized exception management

    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 BPO parner, Sernova Financial

    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

    Standalone real-time initial margin and position limit monitoring modules facilitate enhanced ETD risk governance with quick onboarding

    Leverages AI for optimized exception management

    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 BPO parner, Sernova Financial

    Adapting to Market Change with Nasdaq Calypso

    Guillaume Barbaud highlights Nasdaq Calypso’s strategic investment in clearing, delivering robust multi‑asset clearing capabilities with real‑time risk management and flexible deployment options through its partnership with Sernova.

    Thought Leadership

    Insights for a Changing Clearing Landscape

    Acuiti_Future-Proofing-Clearing_Booklet_Mockup

     

    Nasdaq and Acuiti Report

    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. 

    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->

    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

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

    Nasdaq Calypso

    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.