The Master Trust Bank of Japan (MTBJ), a subsidiary of Mitsubishi UFJ, has implemented technology from Calypso to support its derivatives trading operations.
The bank has installed the Calypso platform in anticipation of expected increases in OTC derivative trading following the introduction of the Securities Exchange Act in Japan later this year.
Calypso says MTBJ will its software to automate all derivatives processing, allowing for high volume processing of transactions and ensuring compliance.
The Calypso platform is an integrated cross-asset software system designed for trading, risk management and processing. The system selected by MTBJ has also been customised for the Japanese market.