List of NASDAQ Adenza Risk Management (ex Calypso Risk Management) Customers
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United States
Since 2010, our global team of researchers has been studying NASDAQ Adenza Risk Management (ex Calypso Risk Management) customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased NASDAQ Adenza Risk Management (ex Calypso Risk Management) for Risk Management from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using NASDAQ Adenza Risk Management (ex Calypso Risk Management) for Risk Management include: Bank of America, a United States based Banking and Financial Services organisation with 213000 employees and revenues of $101.89 billion, Citigroup, a United States based Banking and Financial Services organisation with 230000 employees and revenues of $81.09 billion, Capital One, a United States based Banking and Financial Services organisation with 76300 employees and revenues of $39.11 billion, Triton Health System, a United States based Insurance organisation with 16070 employees and revenues of $36.26 billion, Fannie Mae, a United States based Banking and Financial Services organisation with 7000 employees and revenues of $30.85 billion and many others.
Contact us if you need a completed and verified list of companies using NASDAQ Adenza Risk Management (ex Calypso Risk Management), including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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AIM13 | Transportation | 50 | $10M | United States | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2007 | n/a |
In 2007, AIM13 implemented NASDAQ Adenza Risk Management (ex Calypso Risk Management) as its Risk Management platform. The deployment centralized risk measurement and reporting across portfolio management activities covering market, credit, liquidity, currency, counterparty, sovereign and operational risks.
The NASDAQ Adenza Risk Management (ex Calypso Risk Management) implementation included quantitative analytics and reporting capabilities, configured to produce Value at Risk, conditional VaR, Greeks and relative VaR metrics and to support scenario and stress testing workflows. The configuration supported consistency checks of hedging strategies against portfolio holdings and risk patterns, enabling automated generation of risk measures and consolidated portfolio level reports. Bond modeling and fixed income analytics were incorporated to support emerging markets loan portfolios and currency risk analysis.
Integrations were implemented with front office and back office data sources, including the use of RiskMetrics for analytics and historical simulation and interfacing workstreams tied to Geneva Advent 6.0.3 for portfolio and reconciliation feeds. External data vendor feeds for ORX and loss data were managed as part of the operational data fabric, and a confederated portal security model using siteminder governed user access. The deployment required extensive data mapping and complex interfaces across more than 15 upstream systems to ensure instrument coverage and analytics consistency.
Operational coverage spanned front, middle and back office workflows, with controls for data segregation, role based access, disaster recovery, systems redundancy, vendor management, reconciliation and settlement processing. Governance aligned with Operations Risk practices, assigning risk and access controls by group and individual and integrating counterparty risk management into daily operations. Training and knowledge transfer were delivered to risk and operations staff, leveraging expertise in risk modeling, derivatives and business rules based data modeling.
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Bank of America | Banking and Financial Services | 213000 | $101.9B | United States | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2004 | n/a |
In 2004, Bank of America implemented NASDAQ Adenza Risk Management (ex Calypso Risk Management) as a Risk Management platform to consolidate front to back cross asset trading, risk analysis, and back office operations. The deployment targeted trading, risk and operations functions within the bank, positioning NASDAQ Adenza Risk Management as the central risk management and derivatives processing system.
The implementation encompassed front office trading configurations, pricing and risk servers, an analytics engine, and a reporting framework. Workstreams included configuration of cross asset trade capture, market and counterparty risk analytics, pricing service integration, and standardized risk reporting capabilities consistent with Risk Management application patterns.
Integrations delivered during the program tied NASDAQ Adenza Risk Management to in-house back office applications and operational feeds, supporting straight through processing from trade execution to settlement and risk reconciliation. The integration focus emphasized trade lifecycle messaging, market data pipelines into pricing and risk servers, and reporting extracts into the bank s operational reporting fabric.
Implementation governance was led by an Implementation Manager and a Senior Business Analyst who oversaw functional delivery, testing and rollout across front office trading, risk management, and back office operations. The program emphasized configuration governance, validation of pricing and risk engines, and alignment of analytic outputs and reporting with bank operational workflows.
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Bank of Montreal | Banking and Financial Services | 53597 | $25.2B | Canada | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2011 | n/a |
In 2011, Bank of Montreal implemented NASDAQ Adenza Risk Management (ex Calypso Risk Management) to consolidate trade processing and risk calculation into a single Risk Management platform, migrating all trades and associated data into the application for end to end processing and risk computation. The program included replacing Openlink and certain other systems as part of a targeted consolidation of market risk tooling, with a focus on interest rate derivatives, fixed income and FX instruments.
The implementation encompassed custom development and configuration work, including installation and configuration of IR Derivative, Fixed income and FX modules, and deployment of the ERS module for risk calculation which was interfaced into the broader processing chain. The project initially implemented Calypso release rel11005 and later upgraded the environment to rel1200 to support evolving module capabilities and stability requirements.
Integration work produced data warehouse reports in XML and FPML formats to feed downstream systems for secondary processing, establishing an XML and FPML based data exchange pattern between NASDAQ Adenza Risk Management and other internal systems. The implementation migrated full trade lifecycles and historic trade data into the NASDAQ Adenza Risk Management system to enable consolidated front to back workflows and centralized risk computation across targeted asset classes.
Governance and delivery covered the full software lifecycle from requirement gathering through coding, code review, testing and final delivery, with a hands on Java development oversight model. The delivery team monitored Java development practices, mentored developers and enforced code review discipline to maintain quality across customizations and integrations for NASDAQ Adenza Risk Management.
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Capital One | Banking and Financial Services | 76300 | $39.1B | United States | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2010 | n/a |
In 2010, Capital One implemented NASDAQ Adenza Risk Management (ex Calypso Risk Management) to support enterprise risk and treasury functions. The implementation was scoped to contribute to the Controller's target architecture and explicitly covered Treasury Accounting, balance sheet management, mortgage banking, MSR valuation and a transactional data mart as core components of the program.
The deployment included a Derivatives Management System to replace Reval derivative trading and hedge accounting functionality, and configuration of sub ledger accounting and FAS reporting workflows to consolidate investments, debt, securitization and cash management into the General Ledger. NASDAQ Adenza Risk Management was configured to provide market and counterparty risk measurement, integrated hedge accounting support, and sub ledger orchestration consistent with Risk Management category workflows.
Capital One assessed technology risks across competing platforms including Murex, Calypso and Summit and assigned RFP scores to alternative vendors. The team evaluated interim modeling and pricing options including ADCo, NumeriX and FinCAD Models, and analyzed market data providers Reuters, Bloomberg, SNL, Reval and Prism Valuation to define market data integration points for valuation and P&L reconciliation.
At the divisional level the program delivered a Treasury Data Warehouse and ODS, reviewing the IBM financial data model and ISO standards for suitability and proposing streamlining of QRM BSM system data feeds to reduce total cost of ownership. Governance work defined a Basel II compliance framework addressing market, credit and operational risk across retail, wholesale, equity and securitization exposures, leveraging existing Treasury, Finance and Risk Management systems and shared services.
Program management activities reduced program risk by identifying cross program impacts and mapping remediation using analytical platforms such as SAS, OBIEE and QRM. The implementation produced a prioritized portfolio rationalization and an applications roadmap that incorporated FAS to IFRS convergence, XBRL reporting requirements, the Frank Dodson bill and Basel II amendments with an eye toward Basel III compliance.
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Citigroup | Banking and Financial Services | 230000 | $81.1B | United States | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2007 | n/a |
In 2007 Citigroup implemented NASDAQ Adenza Risk Management (ex Calypso Risk Management) to support Risk Management workflows for its Global Risk organization during the height of the mortgage crisis. The deployment was positioned to provide daily mark-to-market control and P&L transparency and was relied on daily by Citigroup’s Global Head of Risk.
The implementation of NASDAQ Adenza Risk Management delivered core risk modules for mark-to-market valuation, curve spread marking, and P&L aggregation. Teams used the application to calculate P&L for more than $50 billion of ABX exposure and over $20 billion of ABCDS trades, and to mark-to-market curve spreads across 600 plus ABCDS curves covering roughly 2,600 trades. Operational capabilities included an On-the-Run flash P&L run for all ABX trades and a color blotter to record bid offer history of ABX inquiries into the desk.
Operational use combined NASDAQ Adenza Risk Management reporting with Calypso reports and spreadsheet workflows, and pricing inputs were closed in Markit for composite prices and implied spreads for Citi’s Global Risk. The deployment therefore functioned as a reconciliation and analytics hub, coordinating application valuations with external price sources and desk level inquiry records.
Governance around the implementation emphasized risk protocol and process controls, with formalized procedures to analyze P&L implications of DV01 effects on marks and positions. NASDAQ Adenza Risk Management was used as the authoritative system for mark decisions and P&L analysis, and Citi instituted reporting and protocol changes to operationalize daily mark closure and flash P&L reporting.
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Professional Services | 3000 | $1.5B | United States | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2007 | n/a |
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Utilities | 26413 | $30.4B | United States | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2000 | n/a |
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Banking and Financial Services | 7000 | $30.9B | United States | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2010 | n/a |
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Banking and Financial Services | 3319 | $2.9B | Bermuda | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2014 | n/a |
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Banking and Financial Services | 53859 | $20.8B | United States | NASDAQ | NASDAQ Adenza Risk Management (ex Calypso Risk Management) | Risk Management | 2011 | n/a |
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Buyer Intent: Companies Evaluating NASDAQ Adenza Risk Management (ex Calypso Risk Management)
- Vermeg United Kingdom, a United Kingdom based Professional Services organization with 50 Employees
- Goldman Sachs, a United States based Banking and Financial Services company with 48300 Employees
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