Calypso looks to crack Asia

Steve McDermott joins as sales executive in Tokyo, along with a number of support staff, bringing the number of staff in Asia-Pacific to 18, a figure that has doubled in the past six months.

Calypso, which recently signed its first client in the region -- Sumitomo Trust & Banking -- said it has 16 foreign exchange-related prospects in the pipeline across Asia. Some of these are part of cross-asset deals, others are related to structured products, while others are straight FX stand-alone.