Calypso picks up minority stake in Sernova Financial
Calypso Technology, a leading provider of capital markets and investment management software, announced today that it has acquired a minority stake in the capital of Sernova Financial, a provider of Cloud-based clearing and post trade services. The merged activity is expected to boost investor participation in centralized clearing.
Powered by the Calypso Cloud platform, Sernova Financial recreates the shared infrastructure and service items of clearing brokers. By reducing the transaction costs and providing optimal workflows, Sernova lowers the barriers to centralized clearing for regional banks and investment managers.