Press release
Nasdaq Wins ‘Collateral Management Solution of the Year’ and ‘LIBOR Solution of the Year’ at Asia Risk Awards
Winning Streak for Adenza’s Calypso Collateral Management Solution Enters its Sixth Consecutive Year Adenza(now Nasdaq), the new company formed by the merger
About this update from Nasdaq, Inc.
[{"type":"text","content":"Winning Streak for Adenza’s Calypso Collateral Management Solution Enters its Sixth Consecutive Year\n Adenza(now Nasdaq), the new company formed by the merger of Calypso Technology and AxiomSL to provide customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms, was recognized for delivering the “Collateral Management Solution of the Year” and “LIBOR Solution of the Year” at the 2022 Asia Risk Awards. This is the sixth time Nasdaq’s Calypso collateral management solution has been named Collateral Management Solution of the year at the Asia Risk awards, which recognize best practices in risk management and derivatives among banks and financial institutions throughout Asia.\n The growing regulatory focus on collateralization throughout Asia has made the ability to implement a comprehensive collateral management platform designed specifically for the local market a top priority for financial institutions operating in the region, Likewise, the final push to replace LIBOR has uncovered a host of highly localized, jurisdiction-specific details to coordinate. By bringing together the depth and breadth of our solutions across trading, risk and regulatory compliance with our strong local market experience and global reach, we’re able to help our clients address these challenges with confidence.\n - Gil Guillaumey, Head of Strategy for Capital Market Solutions at Nasdaq.\n Nasdaq’s Calypso collateral management solution is unique in the industry because it fully integrates treasury, trading, operations, clearing and margin risk inputs into a truly integrated collateral and margin management platform. This makes it possible to manage all types of collateral agreements and fulfill margin calls from a centralized, real-time cash and security inventory shared across business lines. Currently, it is used by over 100 firms globally, including some of the world’s largest clearinghouses, central banks, regional banks, hedge funds, and asset managers.\n Nasdaq’s Calypso LIBOR solution enables clients to assess, manage and efficiently comply with the complex LIBOR transition across their trading, pricing, curve-building, hedging, risk and clearing operations – on a single powerful platform. With the long transition away from the LIBOR benchmark officially set to come to an end in June of 2023, many firms hav...