Latin America’s largest financial bourse BM&FBOVESPA has chosen application software provider Calypso Technology’s platform to register and manage over-the-counter (OTC) derivatives operations. The Calypso System will help BM&FBOVESPA modernize, improve and broaden its OTC operations registration service with complete analysis instruments for self-regulation and regulatory functions.

The platform will be deployed to offer valuation for an extensive offering of OTC derivatives to make sure that each trade meets the predefined parameters set by BM&FBOVESPA. Phase 1 of the execution, which will enable the registration of contracts from banks with their non-financial customers as counterparties, will be completed in 2012.

Click here for the release from Business Wire.