Portugal's Banco Espírito Santo is deploying Calypso Technology's cross asset trading system at its treasury and capital markets department.
The vendor says the new platform will be rolled out across the bank's subsidiaries and will replace outdated legacy systems.
Pedro Cruchinho, SVP Banco Espírito Santo, comments: "We conducted a thorough review of several systems for our treasury and capital markets department. Calypso stood out as the solution that could handle every instrument we traded."
Calypso says the contract is its first in the Portuguese market.